Pop Mart’s overall revenue fell 45% to 50% year-over-year in Q3, with Duan Yongping previously stating he will continue to increase his holdings.

According to Hong Kong Exchanges and Clearing (HKEX) disclosures, Duan Yongping holds 106,716,000 shares of Pop Mart (09992.HK) via his investment entities, accounting for 8.01% of the company’s issued shares. At the October 27 closing price of HK$132.50, his holding is valued at approximately HK$14.14 billion. For holding costs: Jiemian News cited market estimates on October 26 that Duan’s average holding cost is around HK$150 per share; earlier, Blue Whale News estimated his total cost at about HK$152.32 per share. The paper losses corresponding to the two cost estimates are roughly HK$1.868 billion and HK$2.115 billion, with loss ratios of 11.67% and 13.01% respectively. Purchase breakdown: - May 25: Bought 9.8232 million shares at an average price of HK$150 - May 28: Bought 4.66 million shares at an average price of HK$162.5 - July 6: Bought 10.59 million shares at around HK$150 per share - September 1: Added 1 million shares at an average price of HK$155 The first three large-scale purchases total around 25.07 million shares, with a total investment of approximately HK$3.816 billion and a weighted average price of about HK$152.4. It should be noted that the above figures are book calculations based on media-estimated costs, not Duan Yongping’s publicly disclosed investment gains or losses. As part of his base position comes from options trading, the full holding cost cannot be independently verified via public information. Pop Mart (09992.HK) announced that its unaudited overall revenue for Q3 2026 decreased by 45%-50% year-on-year versus Q3 2025. By region: China revenue fell 25%-30% YoY, Asia-Pacific revenue dropped 65%-70% YoY, Americas revenue decreased 70%-75% YoY, and Europe and other regions revenue fell 50%-55% YoY. By channel: China offline channel revenue declined 5%-10% YoY, while online channel revenue dropped 45%-50% YoY.

Beating AI News Flash: AI prediction company ProphetLab (also known as Weiran Turing) has secured tens of millions of RMB in angel round financing, with participation from institutions including Ivy Capital. Founded less than four months ago, founder Henry Jiang stated that the team’s developed Prophet Engine correctly predicted this year’s World Cup semi-finalists, champion, and even the final score of Spain’s 1-0 victory over Argentina. The Prophet Engine also took part in FutureX Predictive Evaluation, a ranking launched by researchers from ByteDance’s Seed and other institutions. The platform releases weekly batches of real, unforeseen events, requiring models to submit predictions in advance, and scores them after results are confirmed. Henry disclosed that Prophet Engine topped the weekly rankings for two consecutive weeks in August this year, with scores of 60.45 and 56.05 respectively. ProphetLab intends to apply the same predictive capabilities to financial and business decision-making. The company noted that it has already secured millions of RMB in commercial orders, and is preparing the Investor’s Last Exam (ILE), a dedicated list for evaluating business predictive performance.

According to data from the BIT stock platform, the three major U.S. stock index futures turned positive: Dow Jones Index futures rose 0.17%, S&P 500 Index futures rose 0.08%, and Nasdaq 100 Index futures rose 0.08%.

Binance recently submitted an application for a crypto asset service provider license to the Central Bank of Brazil via its local entity BBrasil on October 23, aiming to meet local compliance requirements ahead of the October 30 regulatory deadline. Binance stated that the application is intended to ensure Brazilian users can continue using services including crypto asset, stablecoin trading, payments, and investments. However, Binance has announced adjustments to its local operations: starting October 27, it will restrict services such as crypto lending and margin trading, and plans to delist 22 crypto assets in Brazil. Thiago Sarandy, head of Binance Brazil, noted that the company supports building a regulated market adapted to the characteristics of virtual assets, and hopes to resume some products suspended due to compliance requirements through ongoing communication with the Central Bank of Brazil. According to Brazilian regulations, existing crypto service providers must submit authorization applications by October 30 to continue operations under transitional arrangements. Submitting an application does not equate to receiving regulatory approval.

Goldman Sachs’ latest research shows that over the past three weeks, semiconductor stock exposure explains around 54% of the performance divergence across different asset classes, while oil price exposure accounts for just 2%. As the influence of AI-related trading continues to grow, tech stocks have become a key driver of global market risk appetite and asset performance divergence. Goldman Sachs notes that investor risk appetite has recently been highly correlated with the relative performance of large-cap tech stocks. Last week, mounting concerns over AI investment returns, financing costs, and capital expenditures led to sell-offs in tech stocks and corporate bonds, pushing Goldman Sachs’ risk appetite indicator to its lowest level since April 2025. South Korea’s stock market serves as a prime example of AI trading’s market impact. Given semiconductor stocks’ heavy weighting in the Korea Composite Stock Price Index (KOSPI), shifts in global AI investment expectations directly influence local market performance. On Tuesday, the KOSPI closed up 3.1%, with SK Hynix and Samsung Electronics rising 5.2% and 4.2% respectively. However, Goldman Sachs emphasizes that the 54% and 2% figures reflect a statistical relationship within a specific time frame, and do not mean AI factors will drive global market movements in the long term. While the semiconductor sector’s influence has outpaced oil prices recently, the impact of high oil prices on inflation, monetary policy, and asset pricing remains significant. As large tech firms including Microsoft, Google, and Amazon prepare to release their earnings reports, the market will focus on whether AI demand can sustain growth and whether massive capital expenditures will translate into actual profits.

Modular blockchain network Initia has shared the latest fixes and recovery progress for the earlier MoveVM vulnerability security incident on social media. The project’s official team announced that the security patch for the vulnerability has been formally finalized. To guarantee the absolute safety of the fix, the team is currently conducting a rigorous joint audit of the plan with external security partners. Upon successful completion of the audit, the team will release the specific follow-up execution plan to the community. Per the official roadmap, the upcoming detailed plan will cover two core aspects: first, outlining how to safely and compliantly restore support for assets affected by the incident; second, clarifying the orderly restart of Initia’s L1 mainnet and all Rollup networks. The Initia team projects that the entire audit and network restart process will wrap up in the coming days. Previously, the security incident resulted in approximately $2.7 million in assets being illicitly transferred, leading the Initia network to proactively suspend operations to mitigate risks. This latest update means the network, after a brief shutdown, is gradually progressing toward full recovery.