Just caught something amusing on the fifth day of the lunar new year. Duan Yongping posted a mirror selfie with a cryptic caption. The market's reading it as him calling himself the God of Wealth, which honestly fits the legend.

If you're not familiar with Duan Yongping, he's basically China's version of Warren Buffett—though the market calls him that, not himself. Born in 1961, he's the kind of investor who operates in the shadows but leaves a trail of wealth creation that's hard to ignore. Started in electronics manufacturing back in the 80s, co-founded BBK Electronics with some people who'd go on to lead OPPO and Vivo. Then he did something interesting—at 40 years old, he walked away from the operating side and shifted entirely to investing.

The NetEase bet alone tells you everything about how Duan Yongping thinks. He turned that investment into a 100x return. That's the kind of move that gets you a lunch date with Buffett. In 2006, Duan Yongping paid $620k for that lunch and became the first Chinese person to sit down with Buffett. He even brought Pinduoduo's founder along.

But here's what's interesting about watching Duan Yongping's portfolio moves. In 2011, when everyone was panicking about Apple, he was buying. Back when Apple's market cap was $300 billion. Now look at it—touched $4 trillion at some point. Yet recently he's been trimming Apple positions, which tells you something about how he's repositioning.

Tencent is another case study in Duan Yongping's approach. He kept buying the dip through 2022 when the stock crashed from 300 HKD to 180 HKD. People following his moves got wrecked short-term. But if you had the stomach to hold? Tencent hit 657 HKD. That's the Duan Yongping difference—he's playing a game most investors don't have the patience for.

What's telling is his recent moves. Last quarter, Duan Yongping went aggressive on NVIDIA at peak prices—added over 6.6 million shares, bringing total holdings to 7.2 million shares worth $1.35 billion. That's now his third-largest position. Meanwhile, he's been quietly cutting Apple exposure by more than 7%. But the really smart part? He's building across the AI value chain. CoreWeave for compute, Credo for connectivity, Tempus for applications. That's not random—that's a thesis.

The mirror selfie joke makes sense now. This guy has been quietly accumulating positions while most of us are still figuring out what to buy. Whether it's NetEase, Apple, Moutai, or now AI infrastructure plays, Duan Yongping's moves tend to age well. The market's watching.