Pop Mart (9992.HK) edged up 0.60% in Hong Kong trading to HK$150.10.
The company's co-branded products with Huawei went on sale Oct. 1, including the Huawei WATCH FIT 5 co-branded watch priced at 1,199 yuan and the nova 16 Pro Xiaoye co-branded gift box at 3,899 yuan, limited to 7,000 sets globally. The collaboration targets young consumers by blending technology with trendy aesthetics. Pop Mart also announced its first partnership with Jisu in late September, launching the "Twinkle Twinkle" co-branded collection.
Last week, the stock fell 2.61% to close at HK$149.20, slightly outperforming the Hang Seng Index by about 0.11 percentage points. Most brokerages maintain buy ratings. The company opened its largest domestic flagship store in mid-September in Hangzhou's Hubin commercial district, spanning over 1,000 square meters, while its largest European flagship store is planned for Boulevard Haussmann in Paris.