$POP MART(09992)$ The shift from cultural export to cultural absorption is paving the way for Pop Mart to become a “global Pop Mart.” CEO Wang Ning’s insight resonates with my own judgment from years ago! Domestically, I’ve always compared Pop Mart with $Kweichow Moutai Co.,Ltd.(600519)$. Both appear to sell physical products but truly cater to spiritual needs. Coupled with their collectible nature, the similarities are remarkable. The future is bright—let’s go, Pop Mart!