He understood Pop Mart 9 years ago and was going to invest 100 million yuan in it, so why did he still miss it?
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最新报道：As of the close of June 11, Pop Mart's share price was HK$269.8 per share, with a total market value of HK$362.3 billion. Founder Wang Ning holds 48.73% of the shares and is worth 176.5 billion yuan. Pop Mart was founded in 2010 and introduced the Japanese "Sonny Angel" blind box model in 2014. Its sales reached 30 million in 2015. In 2015, it suffered a loss of 25 million. Wang Ning determined Molly as the core IP through Weibo research and became Molly's exclusive authorized distributor in 2016, driving the company's rapid development. 2015-2016 was a critical period, and Wang Ning failed to raise funds many times. Sequoia Capital partner Wang Cen understood Pop Mart in 2016 and was willing to invest 100 million yuan, accounting for 15%, and suggested buying out top IP resources to form a core strategy. If the investment is successful, the current value is about 49.6 billion, 500 times. But Wang Cen did not invest, admitting that he only understood half of it and did not study it in depth. After 2017, Pop Mart's revenue and profits grew rapidly, and Wang Ning refused external investment. Wang Cen missed this opportunity and lamented that everything was doomed.
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