Labubu Maker's Shares Rise Amid Optimism Over Outlook
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Shares of Pop Mart International rose 5.8% amid investor optimism about the company's outlook, closing at 257.20 Hong Kong dollars. Morningstar's Jeff Zhang noted the company's efforts to diversify its intellectual property portfolio and expand globally, particularly in North America, Europe, and the Middle East. Pop Mart's founder announced over 100 million registered users globally and significant sales figures for Labubu. Citi analysts maintain Pop Mart as a top buy in China's consumer sector, anticipating continued growth through IP diversification and product innovation. The stock has gained 37% year-to-date despite recent fluctuations.
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