Duan Yongping declared that he has never offloaded his shares in Pop Mart and put forth a RMB 100 million wager with domestic private funds, taking the 10-year holding returns of leading Chinese Baijiu (Chinese white liquor) companies as the yardstick. Some netizens proposed that But Bin should step up to the plate. In reply, But Bin posted on social media that the domestic climate is not conducive to public monetary wagers and that it's highly improbable that any private fund boasting RMB 10 billion in assets would rise to the occasion. He reaffirmed that his stance on leading Chinese Baijiu companies remains unaltered, while also underscoring that investment strategies must evolve with the times. While staying true to core investment principles, investors should also seize the dividends of the new era ushered in by AI and semiconductors.