🌟🌟🌟Duan Yongping is a phenomenal Chinese entrepreneur who achieved significant success in the stock market, notably with his early investment in $NetEase(NTES)$
In 2001, Duan Yongping bought 2 million shares of Netease at a price of USD 1 per share. 2 years later, Netease's share price rose to USD 70 a share, giving Duan Yongping a return of more than 50 times his investment.
He also co founded BBK, an electronics company which later split into 3 Companies which developed independent brands. These include Vivo, Oppo, One Plus, iQQQ and realme.
Duan Yongping came across a Warren Buffett book on value investment. The 2 ideas in the book "buying shares in a company is tantamount to buying the company" and "investing in companies that you can understand and undervalued by the market."
In 2005, Duan Yongping bought Buffett's lunch for USD 620100 in which he brought his friend Huang Zheng. Huang Zheng is the founder of $PDD Holdings Inc(PDD)$
Today Duan Yongping has faded from the public eye except for his charity foundation which he set up with his wife.
What an amazing man Duan Yongping is.
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