this post was submitted on 20 Jan 2026
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Labubu maker Pop Mart surges 10% in Hong Kong on US$32 million buy-back (www.scmp.com)
submitted 3 weeks ago by rss@news.abolish.capital to c/china@news.abolish.capital
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Shares of Chinese toymaker Pop Mart rallied nearly 10 per cent on Tuesday morning after the company announced its first share buy-back in nearly two years, following a decline from last year’s peak. Pop Mart’s Hong Kong-listed shares rose to HK$198.70 as investors welcomed the move. The stock remains below last year’s closing level of HK$200.20, and about 42 per cent off its August peak, suggesting softer momentum amid fierce competition and sluggish consumption. The company repurchased 1.4...

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