On June 1, Pop Mart rose 3.4% in regular trading, trading at HKD 180.9/share, with trading volume of HKD 1.709 billion. The stock extended its multi-day rally following the disclosure of renowned investor Duan Yongping's significant stake increase.

According to Hong Kong Exchange filings, Duan Yongping acquired 9.8232 million shares of Pop Mart through H&H International Investment on May 25 at an average price of HKD 150 per share, totaling HKD 1.47 billion. His aggregate holding reached 76.3716 million shares, representing 5.69% of the company's voting shares, triggering a mandatory disclosure and making him the second-largest shareholder with a position valued at over HKD 11.7 billion.

Duan publicly praised founder Wang Ning, stating his product understanding is on par with Steve Jobs, and expressed strong conviction in the company's overseas expansion potential over the next 5 to 10 years. Huachuang Securities noted that the company's core IPs maintain strong vitality, with Labubu collaboration products and the Star series achieving exceptional performance, further validating its IP operation capabilities.

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