Pop Mart's stock surged 5.21% in intraday trading on Thursday, following news of billionaire investor Duan Yongping's substantial investment in the company.

According to recent reports, Duan Yongping has significantly increased his stake in Pop Mart, becoming the second-largest shareholder with holdings worth over HK$16 billion. The well-known investor has expressed high confidence in the company's founder, Wang Ning, and the long-term prospects of the business, which appears to have positively influenced market sentiment.

Duan's investment strategy, which involved selling put options to accumulate shares, and his public change in perspective regarding Pop Mart's potential, are seen as key factors driving the stock's upward movement.