You may not have heard of Pop Mart International (9992.HK) until recently – when everyone started to talk about Labubu, an IP going viral worldwide.
Like Laopu Gold, this Chinese toy maker has delivered one of Hong Kong’s most spectacular stock runs. Over the last five years, shares of Pop Mart International more than tripled.
In fact, in just 18 months, shares of Pop Mart surged from HK$20 to HK$275 – a mind-blowing 1,278% gain that beat nearly all TMT stocks.
What’s behind this incredible run? And more importantly, is the trend over?
Why Pop Mart shares exploded like a Labubu in a Blind Box
Lisa BlackPink’s Personal Social Media Account
First, the Labubu mania. This mischievous-looking character with fangs and a furry texture became a global, cultural phenomenon.
Celebrities like Lisa from BlackPink and Rihanna even shared their…
