The wealth and wisdom reflected in the mirror: Duan Yongping exemplifies "being your own God of Wealth" through action

On the morning of the fifth day of the Lunar New Year, Duan Yongping posted a minimalist message on social media: “I took a look in the bathroom mirror.” This seemingly ordinary statement carries deeper meaning—this investment tycoon, affectionately nicknamed “DuanFitt” (Duan Yongping + Buffett), appears to be reflecting his wealth achievements and investment wisdom through that mirror. Amid the festive atmosphere of celebrating the New Year, his words subtly imply that he is the arrival of the God of Wealth.

This is not just empty boastfulness. In the industry, Duan Yongping truly deserves such confidence. Known as the “Buffett of China,” this enigmatic billionaire with a mysterious net worth has written his own wealth legend through a series of successful investments. From entrepreneurial founder to investment sage, his life story itself is a textbook of investment and wealth growth.

From Entrepreneurial Founder to Investment Sage

Born in 1961 in Nanchang, Jiangxi, Duan Yongping showed entrepreneurial talent early on, studying at Zhejiang University and Renmin University. During his student years, he demonstrated business acumen. In 1989, he joined Rihua Electronics and later co-founded the gaming brand Xiaobawang, ushering in a new era for China’s electronic gaming industry. In 1995, Duan decided to leave Xiaobawang and founded BBK. This decision not only built his business empire but also laid the groundwork for well-known brands like OPPO and VIVO—Chen Mingyong of OPPO, Shen Wei of VIVO, and Jin Zhijiang of BBK Education all once worked with him.

However, the true turning point that brought Duan Yongping widespread fame occurred in 2001. At age 40, he made a remarkable decision—to step back from business success and shift his focus to investing. This choice changed his life trajectory and reshaped China’s investment landscape.

Investment Legend: NetEase, Apple, and Buffett

Duan Yongping’s first major investment breakthrough came with NetEase. At the time, few believed in NetEase, but he bought shares at low prices, ultimately earning over 100 times profit—a textbook case of value investing. This success earned him the nickname “DuanFitt.”

In 2006, Duan made a seemingly crazy decision—spending $620,000 to buy a lunch with Warren Buffett. Even more notable was that he brought along a then-unknown young entrepreneur, Huang Zheng. Over a decade later, Huang Zheng founded Pinduoduo, which became a new force in China’s e-commerce scene. This story has become a legend in the industry. The true value of that lunch far exceeded the $620,000 spent.

In 2011, Duan made another precise move—bottom-fishing Apple. At that time, Apple’s market cap was only $300 billion, but it has since soared past $4 trillion. Even ordinary investors holding shares bought at his purchase price have doubled their investments. Yet, Duan has not been satisfied; in recent quarters, he has continued to reduce his holdings in Apple, revealing a strategic shift worth noting.

The Art of Bottom-Fishing: Moutai, Tencent, and Investment Philosophy

Duan Yongping’s investment list also includes consumer and tech giants like Moutai and Tencent. Just this year, he precisely bottom-fished Moutai, which subsequently hit a trading halt. In 2022, he repeatedly bought Tencent shares. Although Tencent’s stock price fell from his purchase price of about HKD 300 to HKD 180, many follow-on investors faced losses. But this was a test of investment conviction—those who could “stick it out” now see Tencent’s stock rebounding to HKD 657. Even at a purchase price of HKD 300, they have doubled their investment.

The key here is “sticking it out.” In February, Duan responded candidly to a netizen’s comment. A Snowball investor claimed, “Most people buying Tencent don’t really have investment ability.” Duan retorted sharply: “Shut up! Saying you’re richer than me.” His response seemed emotional but actually reflected his deep understanding of the difference between short-term volatility and long-term conviction.

Strategic Layout for the End of 2025: AI Industry Chain

Entering Q4 2025, Duan Yongping’s investment moves again drew market attention. He aggressively increased his holdings in NVIDIA at high levels, with a staggering 1,110.62% increase—adding 6.6393 million shares, bringing his total to 7.2371 million shares, with a total market value soaring to $1.35 billion. NVIDIA has become his third-largest holding, accounting for 7.72% of his portfolio. This move demonstrates his sharp insight into industry trends—despite NVIDIA’s nearly flat performance since Q4, he continues to add to his position.

Meanwhile, Apple’s story is a reverse narrative. Although still his top holding, he has reduced his position by over 7%, selling 2.4706 million shares. This contrast hints at his evolving outlook on different industries.

More notably, Duan has also accumulated shares in CoreWeave, Credo, and Tempus—covering three key nodes of the AI industry chain: computing power supply, chip connectivity, and application layers. His new holdings are 299,900, 141,300, and 110,000 shares respectively. This systematic industry chain layout again highlights his strategic vision as a value investor.

The Mirror Reflects Self-Awareness

From NetEase to Apple, from Moutai to NVIDIA, Duan Yongping has validated his market understanding through a quarter-century of investment practice. When he looks at himself in the bathroom mirror on the morning of the fifth day of the Lunar New Year and says, “I took a look in the bathroom mirror,” what this reflection shows is not just personal wealth but confidence in his investment wisdom. The mirror reflects the image of a true value investor—maintaining clarity amid market noise, holding firm through price fluctuations, and perceiving future trends amid industry changes.

Perhaps, this is the best interpretation of “being your own God of Wealth.”