Duan! I suggest you cut your losses on Pop Mart and switch to Bitcoin! Duan Yongping started investing in Pop Mart in April of this year, continuously adding to his position, with a cost basis of approximately HK$150 per share. Based on the price of HK$128.5 per share on October 22nd, his paper loss is about 14%, exceeding HK$2 billion. I've always believed that Pop Mart's IP moat isn't very deep! There are other similar trendy toy IPs in China, such as Farmer Bob, Dora, and Nanci, and internationally, Sanrio, Pokémon, and KAWS; Most of these IPs are unlikely to remain popular indefinitely. Trendy toys have short lifecycles, young people's tastes change rapidly, and there's a significant risk of the IP's popularity waning. Therefore, I strongly suggest you switch to Bitcoin.