Duan Yongping: Willing to Hold Maotai and Bet One Hundred Million RMB Against Any Domestic Fund, Emulating Buffett's Ten-Year Bet

August 13th. Xu Xiaoping posted on social media, stating that he dares to hold Maotai and any domestic fund (mimicking Buffett's agreement from years ago) to bet one billion RMB, limited to ten years.

Xu Xiaoping said: "The premise is that it must be agreed in advance who the money will be donated to if the winner wins. I will donate it to the High School Attached to Renmin University. There are too many details in this that cannot be explained clearly. Unless a very credible organization can come forward to do this. If both parties agree, we will donate the money first, and the loser will pay the other party after 10 years."