# IP Expansion

The Great Rotation: Why China’s 'Buffett' is Abandoning Coal for Blind Boxes

Investment veteran Duan Yongping has exited his 15-year position in China Shenhua to invest in Pop Mart, signaling a major strategic shift toward high-growth global IPs. The move highlights a transition in investor preference from stable, dividend-paying traditional energy to aggressive, globalizing 'new consumption' brands.