JP#POMRTRP2808E(68148.HK)

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Gold and silver slump, cooling the market; BABA's Qwen adds RMB 3 bn for Lunar New Year | Daily News Recap

0202 | Dolphin Research Focus: 🐬 Macro/Industry 1) International precious metals have sold off sharply since the weekend, with gold and silver down materially on a hawkish Fed chair nominee, a stronger USD and higher UST yields, concentrated profit-taking, and deleveraging by levered funds. The violent swings highlight fragile risk sentiment; near term, the market likely chops in a consolidation range with elevated vol risk.2) EV startups posted their first Jan delivery prints with wide divergence in YoY growth, and Leapmotor led the pack with 32,059 units. ...

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POP MART will establish its European headquarters in London

POP MART announced at the China-UK Business Forum that it will establish London as its European headquarters and plans to open seven new stores in the UK, including Birmingham, Cardiff, and Oxford Street in London. This move will create over 150 jobs in the UK. Wang Ning stated that London is an important choice for the brand to establish itself in Europe and that it will integrate global creative resources to promote the exchange and integration of Chinese and foreign trend cultures

AASTOCKS·
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AASTOCKS·
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Labubu maker Pop Mart sets up London hub for European push

Pop Mart International Group is establishing a London headquarters to expand its European operations, planning to open 27 new stores, including seven in the UK, creating over 150 jobs. This move follows the company's success in the US and aims to boost its presence in Europe, where it currently generates less than 3.4% of its revenue. The company is also recruiting local artists to tailor designs for different markets. Despite recent growth, concerns about the sustainability of the Labubu franchise have led to a 30% drop in Pop Mart's shares since August.

Businesstimes News·
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Businesstimes News·
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China's Labubu-maker picks London for European HQ in boost for UK

Pop Mart, the maker of Labubu dolls, has chosen London for its European headquarters, planning to open seven stores in the UK, including a flagship on Oxford Street. This investment, secured during British Prime Minister Keir Starmer's visit to China, aims to create over 150 jobs. Starmer's trip has also led to export deals worth £2.2 billion and market access valued at £2.3 billion. Pop Mart joins other Chinese firms expanding overseas amid domestic economic challenges.

Reuters·
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Reuters·
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Pop Mart rallies in Hong Kong on aggressive push into US retail market

Pop Mart's shares surged in Hong Kong following its announcement of an aggressive expansion into the US retail market, planning to open over 20 stores this year in partnership with Simon Property Group. The company's stock rose 7% to HK$231.4, rebounding from a previous low. Despite challenges in China, including regulatory scrutiny over its blind-box sales model, Pop Mart's revenue from the Americas skyrocketed 1,142% year-on-year. Analysts remain optimistic, with Morgan Stanley and Citi maintaining positive ratings on the stock, highlighting its potential for growth and shareholder returns.

南华早报·
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+1.25%
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+1.66%
南华早报·
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