POP MART becomes the first 10x stock in the millet economy

Zhitong
2025.06.04 10:49

With LABUBU's strong breakout last year, POP MART has jumped to become a global phenomenon, with celebrities posting photos and constant trending topics, sparking a buying frenzy for the "hard-to-get" toys. Starting from February 2024, POP MART's stock price rose from HKD 19.8 per share to a peak of HKD 233.2 per share, with a cumulative increase of over 10 times. On May 27, its market value first surpassed HKD 300 billion, reaching HKD 313.2 billion. Behind this impressive performance is solid earnings support. According to the latest earnings report, POP MART's revenue in the first quarter of 2025 is expected to grow by 165%-170% year-on-year, with overseas revenue growth reaching as high as 475%-480%, demonstrating a rapid growth momentum

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