What Labubu fatigue? Billionaire investor doubles down on Pop Mart stake

China’s answer to Warren Buffett now owns a 7.65 per cent stake in the toy brand, despite a lukewarm reception for the new Labubu Hair Salon series Duan, 65, dubbed “China’s Warren Buffett” by some investors for his investment acumen, increased his stake in the Hong Kong-listed Pop Mart on July 6 through his wholly owned company H&H International Investment. A Hong Kong Exchanges and Clearing filing released on Friday showed his stake rose from 6.85 per cent to 7.65 per cent, equivalent to 102 million shares. Institutions hold divergent outlooks on Pop Mart’s growth prospects.

Read the full article at the source →