HK Movers | Pop Mart Stock Jumps over 3% to Record High After Launching Several New Products Online

Tiger Newspress

08/26

Pop Mart stock jumped over 3% to record high as Pop Mart has recently launched several new products online, including the latest plush keychain blind box series of the IP it signed in 2024, Twinkle Twinkle.

Pop Mart International, the maker of the wildly popular Labubu plush dolls, is set to join the main Hong Kong stock market index after a ferocious rally. The move will take effect on Sept. 8.

Pop Mart also will join the Hang Seng China Enterprises Index.

As much as Lababu has turned into a global craze, its demand has translated into a corporate earnings and stock-market story as well.

This week it reported a quadrupling of first-half profits as revenue tripled.

It’s not often a corporate news release without hyperbole refers to a “global phenomenon,” as Pop Mart did in describing the third generation of its Labubu Vinyl Plush ‘Big into Energy’ series.

The company opened 40 new stores and now operates 571 stores in 18 countries globally.

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