Duan Yongping raises Pop Mart stake to 7.65% in HK filing

Key Takeaways:

Duan Yongping increased his Pop Mart H-shares stake from 6.85% to 7.65% on July 6
The disclosure was filed with the Hong Kong Stock Exchange
The move signals conviction from one of China's most prominent value investors

Duan Yongping, the billionaire founder of BBK Electronics and one of China's most closely watched value investors, raised his stake in Pop Mart Co. to 7.65% from 6.85%, according to a Hong Kong Stock Exchange filing dated July 6.

The 0.80 percentage point increase in the toymaker's H-shares comes as Pop Mart has expanded its global footprint beyond China, opening stores in Japan, South Korea and Europe. The company, known for its blind-box collectible figurines, has seen its Hong Kong-listed shares rally more than 200% over the past 12 months.

Duan, who built his reputation through early investments in Apple Inc. and NetEase Inc., has been a long-term holder of Pop Mart shares. His increased position suggests confidence in the company's growth trajectory as it pushes into overseas markets and expands its intellectual property portfolio.

The filing did not specify the price or total value of the additional shares acquired. Pop Mart's stock closed at HK$98.50 on July 6, giving the company a market capitalization of about HK$132 billion.

Pop Mart has benefited from rising demand for collectible toys among young consumers in China and abroad. The company reported 2025 revenue of 8.9 billion yuan, up 45% year over year, driven by strong sales of its proprietary IP characters such as Molly and Dimoo.

The stake increase positions Duan as one of Pop Mart's largest individual shareholders. His holding now exceeds the 5% threshold that triggers mandatory disclosure under Hong Kong's Securities and Futures Ordinance.

For holders, the increased stake from a proven capital allocator reinforces the bull case for Pop Mart's international expansion strategy. Investors will watch the company's interim results, expected in late August, for updates on overseas revenue contribution and margin trends.

This article is for informational purposes only and does not constitute investment advice.