Understanding the Market | POP MART rises over 4% again, Apple CEO receives exclusive Labubu, POP MART is expected to become a world-class cultural IP brand
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POP MART's stock price rose over 4% again, and as of the time of writing, it increased by 3.42%, reaching HKD 272, with a transaction volume of HKD 1.962 billion. Apple CEO Tim Cook interacted with POP MART founder Wang Ning and LABUBU artist at the THEMONSTERS 10th anniversary tour in Shanghai, and received a Labubu doll as a gift. China Merchants Securities expects that POP MART will accelerate the expansion of high-frequency lifestyle SKUs, with plush products becoming the largest source of revenue, and it is expected to become a world-class cultural IP brand in the future
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