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Pop Mart's Game 'Dream Home' to Shut Down on August 12

Pop Mart Refutes Labubu Dependency Concerns: Discloses High Non-Labubu Overseas Share, Analysts Diverge on Full-Year Growth Forecast

Pop Mart Faces Valuation Divergence, Plans Over 100 US Stores Amid Profitability Risks

Pop Mart Announces Self-Developed Mobile Game 'Dream Home' to Cease Operations in August 2026

Pop Mart Announces Upcoming Opening of POPBAKERY's First National Store

Pop Mart COO: Half of US Revenue Comes from Non-Labubu Products

Pop Mart Announces Upcoming Opening of First National Store for Dessert Brand POPBAKERY

Duan Yongping Continuously Increases Bubble Mart H-Share Holding to 6.04%; Buleke Launches New Products Pop-up

Pop Mart to Launch Hirono x Jing Tong Dou Collab on June 12

Duan Yongping increases stake in Pop Mart H-shares to 6.04%

Major Banks Downgrade or Adjust Target Prices and Ratings for HK Stocks Including Pop Mart

Pop Mart's Wang Ning at State Council Press Conference: 16 Years of Global Growth and Popularity

Pop Mart's Wang Ning: City Park May Integrate AI in Future for Enhanced Experience

Duan Yongping and H&H Increase Bubble Mart Holdings to 5.69%, Triggering Disclosure

Pop Mart Acquires Entire Building at Taikoo Fang in Beijing

Report: Pop Mart Plans to Acquire Beijing Tai Koo Fang Phase II for 880 Million CNY as HQ

Douyin E-commerce Cracks Down on Blind Box Violations: Scrutinizing Opaque Probabilities and Consumer Inducement

China Merchants Securities Cuts Pop Mart Earnings Forecast, Maintains Sell Rating

Pop Mart's POP BAKERY Opens First Direct-Owned Dessert Shop in Aranya, Qinhuangdao

EDICO HOLDINGS

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Pop Mart (SEHK:9992) faces mixed valuation signals. While its P/E of 16.3x exceeds the industry average, it aligns with Simply Wall St's fair ratio of 17.4x. Conversely, a DCF model suggests the stock is significantly undervalued at HK$183 versus a fair value of HK$419.40. Management emphasizes overseas expansion beyond Labubu collaborations, with over 100 U.S. stores planned. Despite recent price momentum, risks remain regarding the sustainability of earnings and potential multiple compression.

- Pop Mart International Group is focusing on U.S. expansion and a Labubu film collaboration, despite a 31.68% drop in total shareholder return over the past year.  
- The company's P/E ratio stands at 16.3x, higher than the industry average of 10.9x, indicating a market expectation for sustainable earnings amidst ongoing risks related to its growth strategies.  
- A discounted cash flow analysis suggests the stock is trading at a significant discount to its potential value, raising questions about the long-term sustainability of current earnings.

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Pop Mart (SEHK:9992) Stock Valuation After Global Expansion Push Beyond Labubu Collaborations

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Jun 12 | Dolphin Research Focus: 🐬 Stock #1, $BABA-W(09988.HK) — Reports say Alibaba plans to bid $1.5bn for front-warehouse grocer Pupu. Earlier chatter suggested Meituan and JD were in the running, but both have denied it. Pupu generates approx. RMB 30bn in annual revenue, is steadily profitable, and focuses on 30‑min on-demand delivery across multiple South China cities.If completed, the deal would add a mature front-warehouse (dark store) capability beyond Freshippo (Hema) and Taobao Flash, strengthening Alibaba’s hand vs. Meituan in local fresh grocery. That said, the $1.5bn price tag looks rich...

Rumor: BABA to make a big-ticket bid for Pupu Supermarket; Largest-ever IPO debuts in US tonight | Daily News Recap

POP MART's LABUBU made a historic appearance as giant mascots at the 2026 FIFA World Cup opening ceremony in Mexico City, marking the first time a Chinese original IP participated. The event sparked significant buzz on Chinese social media and coincided with the launch of a collaboration collection sold in over 40 countries. This highlights the growing global reach of Chinese creative brands and FIFA's strategy to engage younger Asian audiences.

- The opening ceremony of the 2026 FIFA World Cup at Azteca Stadium featured LABUBU, a Chinese designer toy, as a central attraction, marking a first for a Chinese IP at this event.  
- LABUBU, designed by Kasing Lung, appeared as two mascots representing Argentina and Mexico, generating significant engagement on Chinese social media.  
- This event underscores FIFA's aim to connect with Asian audiences and highlights the global growth of Chinese creative brands, as LABUBU's franchise reported substantial revenue and recognition internationally.

TechNode

POP MART’s LABUBU makes a surprise appearance at the 2026 FIFA World Cup opening ceremony

Pop Mart defends its overseas growth strategy amid a $28 billion market value drop, asserting that non-Labubu products drive significant revenue in key markets. Despite recent U.S. sales declines and stock volatility, the company maintains a positive outlook with guided growth of at least 20% for the year. Pop Mart continues expanding its physical presence in the U.S., aiming for over 100 stores, while diversifying its IP portfolio through new characters and upcoming media collaborations like a Labubu movie.

- Pop Mart International Group (PMRTY) is addressing concerns about its reliance on Labubu for overseas growth, noting that non-Labubu products represented about 50% of U.S. revenue last year.  
- Despite a revenue surge of 185% in 2025, including a 300% increase abroad, U.S. sales have recently declined, raising doubts about Labubu's longevity.  
- The company aims to open over 100 U.S. stores this year while continuing to invest in new characters and collaborations, including a potential movie with Sony Pictures planned for summer 2028.

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Pop Mart Defends Overseas Growth After $28 Billion Market Value Wipeout

As the FIFA World Cup approaches, Singapore fans can purchase official merchandise to celebrate. Options include Lego sets featuring player legends and replica trophies, Pop Mart's The Monsters x FIFA vinyl plushies, and a wide range of jerseys and accessories from Weston Corporation at Jewel Changi Airport.

- The FIFA World Cup begins on June 11, 2026, with fans in Singapore facing challenges in viewing matches due to time differences.  
- Various FIFA-endorsed merchandise is available, including collectible Lego sets featuring football legends and Pop Mart's unique plush toys.  
- Weston Corporation has opened a football pop-up at Jewel Changi, showcasing jerseys from 40 nations and other World Cup-related items, running until July 31.

Businesstimes News

Football fever: Fifa World Cup merchandise to get your hands on

POP MART shares rose 3.44% as COO Si De clarified that non-Labubu products accounted for ~50% of US revenue last year, with majority sales in Japan, South Korea, and Southeast Asia. This marks the first disclosure of US revenue breakdown. The company highlighted strong growth in other IPs like Twinkle Twinkle and plans to increase overseas staff to 50% of its workforce, aiming to replicate domestic success globally.

- POP MART (09992.HK) reported a 3.44% increase in shares, closing at HKD174.3, with significant trading volume.  
- COO Si De emphasized that non-Labubu merchandise accounted for about 50% of total US revenue, with strong growth in other character IPs like Twinkle Twinkle.  
- Si projects that overseas staff will increase to 50% of the workforce in a few years, anticipating a rapid replication of domestic market success internationally.

AASTOCKS News

POP MART Leaps 3%+ at Midday; Non-Labubu Products Account for ~50% of US Revenue Last Yr

Pop Mart International Group refutes concerns that its overseas success relies solely on the 'Labubu' IP, citing strong performance from other characters like Twinkle Twinkle. While shares have dropped due to investor anxiety over Labubu's longevity and recent US sales slowdowns, the company highlights diversified revenue streams and plans for global expansion, including new stores and a Labubu movie.

- Pop Mart International Group addresses concerns about its reliance on the Labubu character, asserting that non-Labubu items comprised about 50% of U.S. revenue last year.  
- Despite Labubu's success, the company’s revenue from the U.S. has recently declined, with projections for growth this year ranging from 2% to 20%.  
- Pop Mart aims to diversify its product offerings and expand internationally, including plans for a Labubu movie and ongoing new product launches.

Macys

Labubu maker Pop Mart pushes back on one-hit wonder fears

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S&P Global Market Intelligence released the latest Hong Kong stock short-selling data as of June 8, 2026. The HSI average short selling ratio stands at 1.35%. Flat Glassleads with a 29.43% ratio, followed by Ping Anat 28.40% and HorizonRobot-Wat 19.56%. Other top stocks include Ali Health, Pop Mart, and Cosco Ship Holding. The report details shares on loan, recent changes, and price movements for these high-short-interest entities.

- S&P Global Market Intelligence released the latest short-selling data for Hong Kong stocks as of June 5th, with an overall average short-selling ratio of 1.35% for the HSI.  
- The data highlights the top stocks with high short-selling ratios, including Ali Health at 18.833% and Ping An at 28.395%, with varying changes in share prices over the past week.  
- This information reflects current market sentiments and investor strategies regarding specific stocks in the Hong Kong market.

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S&P Global Market Intelligence Lists Latest Top 10 Hong Kong Stocks by Short Interest Ratio

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Beijing's Chaoyang District Court ruled that NAYUKI subsidiary engaged in unfair competition by unauthorized use of POP MART's 'LABUBU' IP in marketing. NAYUKI was ordered to pay RMB320,000 in compensation and expenses. The judgment is now effective as neither party appealed.

- The Chaoyang District People's Court in Beijing ruled against NAYUKI in a case of unfair competition filed by POP MART.  
- The court ordered NAYUKI's subsidiary to pay POP MART RMB300,000 in economic losses and RMB20,000 in rights protection costs due to unauthorized use of similar branding.  
- Neither party appealed the ruling, which has now become effective.

NAYUKI

NAYUKI Liable for Unfair Competition, Ordered to Compensate POP MART RMB320K

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