The Fifth Day of the Lunar New Year Welcomes the God of Wealth! Duan Yongping: I took a look in the mirror

On the fifth day of the Lunar New Year, Duan Yongping posted: I took a look in the mirror. Possibly implying that he himself is the God of Wealth.
Duan Yongping is a name that many people may be familiar with. He has long been regarded as a "true invisible billionaire" in the industry, with mysterious assets and the nickname "China's Buffett," more vividly called "Duanfett." Duan Yongping is considered one of China's earliest and most famous value investors.
Born in 1961 in Nanchang, Jiangxi Province, Duan Yongping later studied at Zhejiang University and Renmin University. In 1989, he joined Rihua Electronics Factory, which later created the gaming brand Xiaobawang. In 1995, Duan Yongping left Xiaobawang to establish BBK, with team members including OPPO's Chen Mingyong, VIVO's Shen Wei, and BBK Education's Jin Zhijiang.
In 2001, the 40-year-old Duan Yongping retired successfully and began venturing into investments. He invested in NetEase, earning 100 times the return, creating the myth of "Duanfett."
In 2006, Duan Yongping spent $620,000 to bid for a lunch with Warren Buffett, becoming the first Chinese to have lunch with Buffett, also bringing along Pinduoduo founder Huang Zheng.
In 2011, Duan Yongping bottomed out on Apple stock when Apple’s market cap was $300 billion. Now, its market cap has exceeded $4 trillion at times, but in recent quarters, he has been reducing his holdings in Apple.
Not only NetEase and Apple, but Duan Yongping is also very optimistic about Moutai, Tencent, and others. Just this year, he precisely bottomed out on Moutai, which even nearly hit the daily limit-up.
In 2022, Duan Yongping repeatedly bottomed out on Tencent. However, as Tencent’s stock price fell from about HKD 300 at the time of Duan Yongping’s bottoming to HKD 180 at the end of October, many who followed his lead were almost wiped out. Of course, if held long-term, surviving those two years would have been highly profitable. Currently, Tencent’s stock price is as high as HKD 657, and even if bought at HKD 300, it has doubled in profit. The key is to endure.
Perhaps sensitive about criticism for bottoming on Tencent, Duan Yongping once angrily responded to a netizen’s comment in February this year: At that time, a Snowball user who followed Duan Yongping posted: Most people buying Tencent actually lack investment ability. This can also be reversed: because they lack investment ability, they can only buy Tencent. Duan Yongping saw the post four minutes later and responded fiercely: Shut up! You talk as if you have more money than I do.
In Q4 2025, when Nvidia was at a high, Duan Yongping aggressively bought 6.6393 million shares, with his holdings increasing by 1110.62%, reaching a total of 7.2371 million shares. The holding value soared to $1.35 billion, making it his third-largest position (accounting for 7.72%). (P.S.: Since Q4, Nvidia has almost seen no gains, with obvious high-level fluctuations).
Additionally, although Apple remains Duan Yongping’s top holding, he reduced his position by more than 7%, selling a total of 2.4706 million shares.
Duan Yongping also built new positions in CoreWeave, Credo, and Tempus, covering three key nodes in the AI industry chain: computing power, connectivity, and applications. The new holdings are 299,900 shares, 141,300 shares, and 110,000 shares respectively.