The DBS research report predicts that Pop Mart's revenue and profit will rise by more than 1.4 times and 1.8 times, respectively, driven by demand for its own IP in 2023. Despite facing short-term risks, the bank believes that the company's diversified product portfolio and innovative model will build a robust mid-term outlook, initiating a "buy" rating with a target price of HKD 312.

River Mart is a new task of the River protocol, where users can mint NFTs on designated chains and unlock mysterious NFTs, earning 24 million River Pts. The protocol supports cross-chain collateral asset minting of stablecoins, achieving over 400 million USD in TVL and 100 million in Circulating Supply, covering multiple chains and various use cases.

Jin10 reported on July 23 that Pop Mart is suing the convenience store chain 7-Eleven in the United States, accusing it of selling counterfeit versions of LABUBU dolls. Pop Mart has confirmed this matter.

Jin10 data reported on July 16 that Citigroup released a research report stating that Pop Mart (09992.HK) announced a profit warning yesterday, expecting mid-term revenue to rise over 200% year-on-year, with profit growth of at least 350% year-on-year, estimating net profit to exceed 4.17 billion yuan and revenue to exceed 13.7 billion yuan, surpassing Citigroup and market expectations. Citigroup believes that the global recognition of IPs such as LABUBU continues to rise, driving Pop Mart's second quarter performance significantly above expectations. Although the base is high, it is expected that the growth momentum will remain strong in the second half of the year due to sustained IP popularity, overseas expansion, replenishment plans, and new product launches.

Gate News bot reported that Mai Gang, the first investor of Pop Mart, recently stated in a podcast interview, "Bitcoin has been a very important experience in my career. Once, during a forum for alumni of Renmin University, the host asked me why I am so fond of Bitcoin, while various big bulls like chief economists have not caught on or seen it? First of all, I certainly am not a top student. Secondly, I am not a poor student either, but the result is that I only remember the most important things that my teachers taught me, which are those common sense or truths."

Jin10 Data, July 3 - On July 3, social media reported that Pop Mart acquired the building at 149-151 Oxford Street, London, through a Singapore company, with a transaction price of £63 million. In response, an insider from Pop Mart stated: "False news."

On June 27, Jin10 reported that Morgan Stanley released a research report stating that it has raised its earnings per share forecasts for Pop Mart (09992.HK) for 2025, 2026, and 2027 by 6%, 15%, and 21% respectively, to reflect the company's clearer growth path in North America and Europe. For 2025, the most optimistic profit expectations in the industry still significantly exceed the bank's adjusted forecasts. The bank believes that Pop Mart's combination of a rich and diverse IP matrix with operational skills is expected to create sustainable growth, and the current stock price does not reflect the potential for long-term scale.

Jin10 reported on June 26 that Ginza Co., Ltd. announced an abnormal fluctuation in stock trading. Recently, some investors have followed whether the company's stores sell Pop Mart related products. The company mainly engages in retail business, and some offline stores have leasing merchants selling related products. The company collects leasing fees, and the revenue from this business accounts for no more than 0.02%.

On June 23, Jin10 reported that Xuan Ya International stated on the interactive platform that as of now, the company has no direct cooperation with Pop Mart.

BlockBeats news, on June 20, the Hong Kong stock market and the Meme coin market experienced a correlated decline. Pop Mart (HK.9992) saw its stock price fall by 5.15% today, currently reported at 235.8 HKD, having pulled back over 16% from its historical high. At the same time, the Meme coin LABUBU, based on its trendy toy IP, saw its market capitalization drop below 28 million USD, with a big dump of 20.4% within 24 hours, leading to a rapid cooling of sentiment. BiyaPay analysts pointed out that this type of "coin-stock linked pullback" may indicate short-term risk release, but for experienced traders, it also presents a potential opportunity—whether shorting Pop Mart's Hong Kong stock or executing reverse operations in the crypto world, flexible trading can be achieved through USDT. Come to BiyaPay now to seize trading opportunities brought by market fluctuations: 1. Supports trading with USDT.

BlockBeats news, on June 20th, according to market information, Hong Kong stock Pop Mart today fell over 5.15%, with the current stock price reported at 235.8 Hong Kong dollars, down over about 16.8% from its historical high. According to GMGN market information, the Meme coin LABUBU, based on the Pop Mart潮玩 IP, has a market capitalization that has fallen below 28 million USD, currently reported at 27.89 million USD, with a 24-hour decline of 20.4%. BlockBeats reminds users that Meme coin prices fluctuate greatly, and users should invest with caution.

According to Gate News bot, as reported by Bloomberg, the stock price of Pop Mart International Group Ltd. plummeted in Hong Kong after Chinese state media published comments calling for stricter regulation of companies providing "blind boxes" and "mystery boxes."

Yuanlong Yatu stated during its interaction with investors that in 2024 it will provide co-branded marketing gifts and related services for Pop Mart, with expected revenue of approximately 2.21 million yuan, which is a small portion of the overall revenue. There is no revenue recognition related to this in 2025. Investors should be aware of the risks.

Jin10 reported on June 17 that Hanshuo Technology stated on the interactive platform that the company is a provider of digital solutions for pan-retail stores, with a focus on internet of things wireless communication technology. Currently, the company's electronic price tag system products and solutions have been applied to the overseas stores of Pop Mart.

LABUBU Meme coin market capitalization surpasses 55 million USD, with a 24-hour rise exceeding 54%. This coin is based on the Pop Mart trend toy IP, LABUBU, and is popular worldwide, with Thailand even holding a welcome ceremony for it. Investors are reminded to pay attention to price Fluctuation.

Jin10 reported on June 14 that Pop Mart Korea announced that due to recent concerns about potential safety incidents at offline sales sites, the company prioritizes customer safety and is committed to providing better quality service. Therefore, it has decided to temporarily suspend offline sales of the entire series of LABUBU plush toys and LABUBU plush keychains. The company will make every effort to restore sales with more satisfactory service.

Jin10 reported on June 13 that Hars announced on the interactive platform that the previous cooperation with Pop Mart and the company has been terminated, and the scope of the earlier cooperation does not include Labubu.

Jin10 data June 13th news, Citibank published a research report indicating that Pop Mart (09992.HK) has a prominent IP whose global recognition is continuously increasing, and it has successfully launched new products. The bank believes that Pop Mart's diversified IP strategy should lay a foundation for its long-term sustainable growth. The launch of new products may also become a short-term catalyst, and the bank has raised the group's earnings forecast for 2025 to 2027 by 38% to 49%, expecting its net profit for the next two years to grow by 124% and 40% year-on-year, respectively, reaffirming the group's buy rating, with the target price significantly raised from 162 HKD to 308 HKD.

Gate News bot message, according to the official announcement from Gate on June 11, 2025. Gate will launch spot trading for LABUBU token on June 11, 2025, at 18:00 ( UTC+8. LABUBU/USDT trading pair will be available. LABUBU is a Nordic elf IP token created by Long Jiasheng under Bubble Mart, which was previously listed on the Gate Alpha section on May 30, 2025. The token is based on the Solana network and has a contract address of JB2wezZLdzWfnaCfHxLg193RS3Rh51ThiXxEDWQDpump.

Jin10 data reported on June 11 that Morgan Stanley stated that the IP diversity and operational capabilities of Pop Mart (09992.HK) will bring lasting rise. Although this year's growth momentum may have already been priced in, its long-term potential for scaling is likely not yet accounted for; it raised its target price from 224 HKD to 302 HKD.

BlockBeats News, on June 10, Bubble Mart Hong Kong stocks soared by more than 30 times in three years, becoming a popular target in the capital market. However, the trendy toy "LABUBU" IP under Bubble Mart has been "copycated" by the currency circle and harvested speculators. THE "LABUBU COIN", WHICH WAS LAUNCHED ON MAY 29, SKYROCKETED DUE TO IP POPULARITY, BUT PLUMMETED BY 91.66% IN JUST A FEW DAYS. This Memecoin is not an official release, but is led by an anonymous community team, lacking fundamentals and practical support, typical of "emotion-driven" hype. The industry pointed out that this type of currency has no substantial commercial value under the guise of popular IP, and the circulation mechanism is not transparent. Ordinary investors tend to buy at a high level amid FOMO sentiment and become the "last to take the baton". BiyaPa

Jin10 reported on June 9 that there are market rumors that Pop Mart (09992.HK) is set to enter the AI toy industry. A relevant person from Pop Mart responded, saying: "I haven't heard of it."

Zhongshan Securities International has given Pop Mart its first "Buy" rating, expecting its revenue and net profit in 2025 to be significantly higher than market expectations, and believes there is room for upward adjustment in future earnings estimates, especially as international business will drive its valuation increase.

On May 30, Jin10 reported that recently, the IP "Labubu" under Pop Mart has risen from a niche designer toy to an international trend icon. The newly launched Labubu series often sells out in "minutes" in places like the United States and the United Kingdom. Due to the explosive demand, there was even a "brawl" incident at the Westfield Stratford shopping center in London. Due to rising safety risks, Pop Mart has announced the suspension of Labubu sales in the UK and plans to delist the product from UK stores before June.

BlockBeats News, on May 26, according to GMGN market data, the market value of LABUBU, a meme coin based on the Bubble Mart trendy toy IP, exceeded $30 million and is now quoted at $32.1 million, a record high, up 49.34% in 24 hours. BlockBeats Note: Meme coin trading is highly volatile, mostly dependent on market sentiment and concept hype, and has no real value or use case, investors should be aware of the risks.

Gate News bot, recently, the MEME coin $LABUBU has become the focus of market attention due to the strong debut of Labubu's third-generation slush plush new product series, KOL boost, and the soaring popularity of Southeast Asian IP. According to the GMGN market, the market value of $LABUBU jumped from hundreds of thousands of dollars to $18 million in the past week, soaring dozens of times, with a 24-hour trading volume of $9.5 million. Holderscan data shows that since May 14, the number of coin-holding addresses has continued to climb, and user engagement and market enthusiasm have risen rapidly. Labubu was originally a popular trendy toy IP under Bubble Mart, which has attracted phenomenal attention in Southeast Asian countries in recent years. According to Pop Mart's 2024 interim financial report, its overseas revenue reached 1.35 billion yuan, a year-on-year increase of 259.6%, of which the Southeast Asian market contributed 560 million yuan, accounting for more than 40%. Labubu's high popularity has driven the hype of related MEME coins, and celebrities such as Blackpink Lisa and Thai princess have continued to ferment, and Labubu has been awarded the title of "Magical Thai Experience Officer". It is worth noting that \$LABUBU is not an official issuance, but as early as November 2024, the market value of the MEME sector has exceeded $20 million, and it is Labubu IP in the crypto market

Morgan Stanley raised the target price for Pop Mart (09992.HK), believing that the global demand for Labubu 3.0 is strong, the supply chain in Vietnam is performing well, and there is significant sales growth potential in the U.S. market. The target price is forecasted to rise to HKD 273, with a positive outlook on future performance, and a recommendation to "overweight".

Golden Ten Data on May 7, Bubble Mart (09992. HK) reappeared in pre-market block trading, and an investor sold about 3.86 million shares of Pop Mart at HK$190.20 per share, involving about HK$734 million. According to public information, Pop Mart had been reduced by investors twice in a row in the previous week, involving about HK $1.5 billion. The reporter learned from a person close to Bubble Mart that the continuous reduction is not a reduction by the company's management, and from the perspective of the pace of reduction, it is likely to be a natural reduction of the fund at the expiration of the fund, which has nothing to do with the company's fundamentals. The reporter checked the equity information of Bubble Mart and found that the three reductions in the past week were 4.05 million shares, 4 million shares, and 3.86 million shares, totaling 11.91 million shares, accounting for about 0.9% of the company's shares. Compared with the equity information, this reduction is very likely to be the expiration of all the Bubble Mart shares held by Bee Qiao Capital Fund.

Goldman Sachs research report pointed out that Pop Mart's first quarter performance was good, with offline market rise exceeding expectations and IP products performing brilliantly. It is expected that the launch of new products will assist in the rise, profit forecasts have been raised, maintaining a "neutral" rating, and the target price has been adjusted to 151 HKD.

Pop Mart (09992.HK) reported first-quarter results that exceeded expectations, with strong growth in overseas markets, and revenue increased by 165%-170% year-on-year. Bank of America Securities raised the earnings per share forecast by 8% and 10%, and the target price was increased from HKD 200 to HKD 236, reaffirming the "Buy" rating. Pop Mart launched the Labubu 3.0 plush toy series, priced 27% higher, indicating limited impact from tariffs. The prospects for new product channels are positive, which will enhance the popularity of the IP.

Citigroup's research report pointed out that Pop Mart's management expects revenue to rise by over 50% in 2025, reaching over 20 billion yuan, and anticipates optimistic growth in overseas business, an increase in gross profit margin, and a stable or slightly higher net profit margin. They forecast that this year's first-quarter revenue will double due to improved sales prospects and profit margins. Citigroup has raised its earnings forecast and adjusted the target price from HKD 120 to HKD 162, with a rating of "Buy."

HSBC Research covers Pinduoduo (09992.HK) for the first time, with a buy rating and a target price of 127.65 Hong Kong dollars. The company has a huge rise potential, with an expected annual compound rise rate of 32% from 2024 to 2026, and overseas sales will account for over half of total sales. On the basis of rising income, the company's net profit is expected to increase by 40% annually this year, and a strong product cycle may drive profit growth.

On January 6th, Jin10 Data reported that a research report from Morgan Stanley pointed out that Pop Mart (09992.HK) plans to restock, which may boost sales in the fourth quarter of last year and the first half of this year, while reducing resale activities and improving customer experience. The investment themes proposed by the bank, namely, 'overseas expansion prolongs popularity' and 'IP product rotation', are still effective. The bank suggests that investors take advantage of the low prices when they are concerned about the resale price falling again. The bank expects sales to rise by 35% this year, believing that Pop Mart will achieve the fastest sales rise among the large consumer companies it tracks. And because overseas sales and profit combinations are expected to account for more than half this year, it is believed that the company's valuation premium is reasonable. Morgan Stanley rates the company as 'overweight' with a target price of HKD 113.

On November 21st, Jinshi Data reported that Pop Mart (09992.HK) pumped 4.24% in the morning, and its stock price continued to rise. The highest point was priced at more than 80 Hong Kong dollars per share, with a market capitalization exceeding 107 billion Hong Kong dollars. As of now, Pop Mart's stock price is 79.5 Hong Kong dollars, and its market capitalization has reached 106.76 billion Hong Kong dollars. Data shows that Pop Mart's current stock price has increased by nearly 300% compared to the beginning of the year. According to statistics, 18 investment banks have given buy ratings to Pop Mart in the past 90 days, and the target price for the past 90 days is HKD 77.03.

Morgan Stanley said that both Pinduoduo and Juzi Biology will maintain profitability in the next two years and may receive further support due to the launch of new products; Pinduoduo will record a sales increase of over 60% in the third quarter, while Juzi Biology will achieve a sales growth target of 30% to 35% in the second half of the year. This is a good time for long-term investors to review their investment themes.

On August 9th, Jinshi Data reported that Wushang Group plans to repurchase shares with a total value of 100 million to 150 million yuan, and the repurchase price will not exceed 10.50 yuan/share.