China Market Pulse

PDD Camping/Pop Mart Duan Buy Surge

PDD Camping/Pop Mart Duan Buy Surge

Key Questions

What were PDD's achievements in outdoor camping sales?

PDD saw strong growth in outdoor camping, with 200 million RMB in sales for umbrellas and hardware in cities, and lazy curtains popular. Sales were 60% from tier-2 and lower cities, with live e-commerce GMV reaching 6.95 trillion RMB, up 30%.

Why is Pop Mart considered a top performer against market trends?

Pop Mart stood out as the best blue-chip stock amid market declines, boosted by high-profile endorsement from Duan Yongping and growth in overseas IP.

What role did Duan Yongping play in Pop Mart's surge?

Duan Yongping, known as China's Buffett, made a high-profile addition to his holdings in Pop Mart, endorsing it publicly and contributing to its strong performance.

PDD outdoor camping 200M RMB umbrella/hardware cities lazy curtains 60% tier2+ live ecom GMV 6.95T +30%; Pop Mart逆市 best bluechip Duan Yongping add high-profile endorsement overseas IP growth; CAC algo fixes.

Sources (2)
Updated May 9, 2026