diff --git a/packages/react-reconciler/src/__tests__/ReactMemo-test.js b/packages/react-reconciler/src/__tests__/ReactMemo-test.js
index 5be63d65a3757..18fa2a5566878 100644
--- a/packages/react-reconciler/src/__tests__/ReactMemo-test.js
+++ b/packages/react-reconciler/src/__tests__/ReactMemo-test.js
@@ -516,7 +516,7 @@ describe('memo', () => {
       );
     });
 
-    it('should honor a inner displayName if set on the wrapped function', () => {
+    it('should honor a outter displayName when wrapped component and memo component set displayName at the same time.', () => {
       function Component(props) {
         return <div {...props} />;
       }
@@ -532,8 +532,31 @@ describe('memo', () => {
         ReactNoop.render(<MemoComponent optional="foo" />),
       ).toErrorDev(
         'Warning: Failed prop type: The prop `required` is marked as required in ' +
-          '`Foo`, but its value is `undefined`.\n' +
-          '    in Foo (at **)',
+          '`Bar`, but its value is `undefined`.\n' +
+          '    in Bar (at **)',
+      );
+    });
+
+    it('can set react memo component displayName multiple times', () => {
+      function Component(props) {
+        return <div {...props} />;
+      }
+      Component.displayName = 'Foo';
+
+      const MemoComponent = React.memo(Component);
+      MemoComponent.displayName = 'MemoComp01';
+      MemoComponent.displayName = 'MemoComp02';
+      MemoComponent.displayName = 'MemoComp03';
+      MemoComponent.propTypes = {
+        required: PropTypes.string.isRequired,
+      };
+
+      expect(() =>
+        ReactNoop.render(<MemoComponent optional="foo" />),
+      ).toErrorDev(
+        'Warning: Failed prop type: The prop `required` is marked as required in ' +
+          '`MemoComp03`, but its value is `undefined`.\n' +
+          '    in MemoComp03 (at **)',
       );
     });
   }
diff --git a/packages/react/src/ReactMemo.js b/packages/react/src/ReactMemo.js
index 2531c1a1879f0..796ba2e393cb8 100644
--- a/packages/react/src/ReactMemo.js
+++ b/packages/react/src/ReactMemo.js
@@ -36,9 +36,14 @@ export function memo<Props>(
         return ownName;
       },
       set: function(name) {
-        ownName = name;
-        if (type.displayName == null) {
+        if (typeof name === 'string') {
+          ownName = name;
           type.displayName = name;
+        } else {
+          console.error(
+            "%s: is not valid displayName type, React memo's displayName should be a string",
+            typeof name,
+          );
         }
       },
     });