China’s Pop Mart to buy back shares worth up to US$740m as collectible-toy demand cools

Pop Mart International, a Chinese toymaker, plans to buy back shares worth up to US$740 million over the next six months. This move comes as demand for collectible toys cools down in China, following a strong performance last year driven by the popular toy character Labubu. The buy-back plan aims to stabilize the company's stock price and potentially boost investor confidence, which may have implications for the overall Chinese market and its impact on global trade.

Why it matters

Pop Mart is buying back shares to stabilize its stock price. The move may help boost investor confidence in the company as demand for collectible toys cools.

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