I saw someone talking about Duan Yongping's investment in NetEase and getting a hundredfold return. He is so brave to invest all his wealth [bow]

In 2001, NetEase had a financial scandal and its stock price plummeted from $15.5 to $0.48. According to Nasdaq regulations, if the stock price is less than $1 for 30 trading days, it will be delisted. American investors also filed a class action lawsuit against NetEase. Investors withdrew one after another, and Ding Lei was also very distressed.

Ding Lei heard that Duan Yongping was a marketing master, so he went to him for help. Duan Yongping was very happy about this. He also encouraged Ding Lei to stick to it and transform from portal to game. Duan Yongping also did some research and found that NetEase was the undervalued good company. At that time, it still had $2 in cash per share. It was because he was deeply involved in the class action lawsuit that investors lost confidence in him.

So Duan Yongping went against the tide. He went to some legal professionals to ask about the lawsuit and what the most likely outcome of similar lawsuits was. The conclusion he got was that the consequences would not be serious because their mistakes were not particularly outrageous. Duan Yongping also studied NetEase's business. After doing his homework, Duan Yongping decided to invest heavily in NetEase.

At the end of 2001, Duan Yongping bought a large number of NetEase stocks at a price of $1. He put all his $1 million into it, borrowed another $1 million from others, and bought 1.52 million shares of NetEase in one go. Later, he continued to increase his holdings to 2.05 million shares, accounting for 6.8% of NetEase's total share capital.

In 2003, NetEase's stock price rose to $70. Later, he sold out after the price of NetEase exceeded $100. In fact, there were many people who bought NetEase at $1, but Duan Yongping was the only one who could hold on until it reached $100. There are different opinions on how much Duan Yongping sold NetEase's stock price, but it is a recognized fact that he got a hundredfold return.

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