POP MART's Stock Plummets Over 43%: Founder Wang Ning Urged to Initiate Buyback Amid Investor Frustration

Deep News12-21 15:31

On the afternoon of December 21, POP MART's founder, chairman, and CEO Wang Ning made a public appearance at the company's CRYBABY exhibition, drawing significant attention from attendees.

Interestingly, following the circulation of Wang Ning's exhibition photos on social media, discussions about POP MART's recent stock performance surged among netizens. Many openly urged Wang Ning, saying, "Buy back some shares—the stock has crashed terribly."

In August this year, POP MART's stock soared to an all-time high of HK$339.80 per share, driven by strong sales and repeated sell-outs of its Labubu series toys. However, the emergence of numerous counterfeit products soon triggered a sharp decline. The stock has since dropped to HK$192.90 per share, marking a 43.23% plunge from its peak.

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