On the afternoon of May 29, POP MART experienced a strong rally, with its intraday gains exceeding 12%. At market close, the stock price stood at HK$173.4, marking a 7.37% increase and bringing the company's total market capitalization to HK$232.5 billion.
According to disclosures from the Hong Kong Stock Exchange on May 27, POP MART saw a change in the interests of its major shareholders on May 25, 2026. Duan Yongping and H&H International Investment, LLC jointly increased their holdings in the company. Each party purchased an additional 9,823,200 shares, raising their respective holdings to 76,371,600 shares. As concerted parties, their combined shareholding reached 5.69%, making them the second-largest shareholder group and triggering mandatory disclosure requirements. Media reports estimated that Duan Yongping's portfolio value exceeded HK$11.7 billion at that time. Following today's share price increase, his paper profits for the day approached HK$1 billion. It is noteworthy that after POP MART's significant rise today, Duan Yongping posted the same meme twice on the Xueqiu platform, sparking widespread market discussion. On May 12, POP MART released its latest business update for the first quarter, showing unaudited overall revenue growth of 75% to 80% year-over-year compared to the first quarter of 2025. Specifically, offline channel revenue increased by 75% to 80%, while online channel revenue surged by 150% to 155%.
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