Kunpeng Project
Duan Yongping**Assets**: Holding 9 U.S. listed companies.
Many people have asked themselves a question: How rich is Duan Yongping? Some people say that he is the richest ** person in China. This is because companies such as the BBK Group controlled by Duan Yongping are not listed on the ** exchange. Therefore, no one knows the exact amount of his assets.
However, a user recently made public Duan Yongping's stake in the United States and uploaded a screenshot of H&H International Investment, LLC's latest 13F filing. The screenshot shows that Duan Yongping currently holds shares in 9 U.S. listed companies, with a total market value of 14.4 billion yuan.
The top four are: Apple 1149.8 billion, Berkshire Hathaway 169.2 billion yuan, Google 75.7 billion and Alibaba 3$8.4 billion. To make matters worse, Duan Yongping emptied his ** in Poundland.
As an angel investor in Pinduoduo and a close friend and mentor of Pinduoduo's founder Huang Zheng, Duan Yongping has not made a lot of money on Pinduoduo recently. But this is where Duan Yongping is powerful, because he once bluntly said that he couldn't understand Pinduoduo.
Pinduoduo and J&T Express both have a deep relationship with Duan Yongping. However, Mr. Duan said he could not understand the business models of the two companies. Although he invested in both companies when he raised funds, he also bluntly said that he invested for the sake of relationships.
This document also lets us know that Duan Yongping has assets of 14.4 billion yuan in U.S. stocks alone. This is not counting his holdings of Hong Kong stocks. Duan Yongping also bought a lot of Tencent's **. In addition, Duan Yongping may also hold many shares in BBK, OPPO, vivo and others.
Since none of these companies are listed on the ** exchange, no one knows exactly how many shares Duan Yongping holds. Needless to say, it's no wonder everyone calls Duan Yongping as him"Buffalo segment", he is indeed not in vain. A few years ago, Duan Yongping made about 8 times a profit on NetEase.
At that time, NetEase's market capitalization was less than 1 yuan, but Duan Yongping seized the opportunity**, and then NetEase Games exploded and successfully came back to life. Duan Yongping's ** was also a great success, and it is said that he made a profit of 1 billion from NetEase in the first battle.
Duan Yongping is definitely a legend. Before starting his own company, he helped his boss lead a small Duracell project in Zhongshan. At that time, the Xiaobawang learning machine was also a phenomenal product that swept the streets and alleys.
At its peak, Xiaobawang's annual revenue from machine learning exceeded 2 billion. However, due to the boss's reluctance to share the capital, Duan Yongping chose to leave. After he left, Xiaobawang also began to go downhill. Duan Yongping then came to Dongguan and founded BBK Group, launched first-class products and achieved great success.
BBK Group has also become the largest electronics company in China. In 2000, Duan Yongping, who was at the peak of his career, chose to go to the United States for retirement. Since Duan Yongping's wife works in the United States, he gave up everything in his family in order to fulfill his promise.
Duan Yongping handed over the business to his colleagues to take care of, and he ignored it completely. After moving to the United States, he began to study investments outside of philanthropy, and in 2007, Duan Yongping shocked the world by spending millions of yuan to treat Warren Buffett to lunch. Since then, Duan Yongping has become a good friend of Buffett.
What many people don't know is that Warren Buffett never invested in tech companies in the past. But for now, his biggest position is Apple. The reason why he invested in Apple was because of Duan Yongping's influence. Today, Buffett's Apple holdings are estimated to be worth more than $100 billion. I didn't expect Duan Yongping to also hold so many Apple companies.
Over the years, Duan Yongping's investments in the United States have indeed been very successful. He has his own investment philosophy and only invests in business models that he is familiar with. When he encounters an unfamiliar company, he rarely tries. Even after losing a company like Pinduoduo, he has no regrets.
Duan Yongping brought a young man with him when he had dinner with Warren Buffett, and this young man was Huang Zheng. At that time, he went to the United States to study, and under the introduction of Ding Lei, Duan Yongping met Huang Zheng. Later, Duan Yongping became Huang Zheng's mentor and friend.
Duan Yongping has not only achieved great success in his own career, but also spawned many excellent enterprises under his leadership. Over the years, Duan Yongping has also donated more than one billion yuan to the national education cause.