Lates News

Pop Mart has stopped falling and turned higher in Hong Kong. According to the transcript of the company's performance conference call, founder Wang Ning said that a mini version of Labubu that can be hung on a mobile phone will be released this week, and the company's revenue is expected to reach 30 billion yuan this year, which is relatively easy. Pop Mart is now up more than 7%. Prior to this, the stock price fell by 4.7% at one point during the day. Morgan Stanley's report stated that the sales of the company's Crybaby series toys were below the bank's expectations.