Pop Mart International Group Ltd Ordinary Shares

09992: XHKG (HKG)

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Pop Mart: Should See Slower Top-Line Growth in the Fourth Quarter, but Shares Remain Cheap

Jeff Zhang

Jan 12, 2026

Pop Mart's offline gross merchandise value in mainland China rose 58% year on year in the fourth quarter of 2025, according to YipitData. The company's new third-party factory in Mexico has commenced operations, supplementing expanded production capacity in Southeast Asia.

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Pop Mart International Group Ltd Ordinary Shares

Pop Mart: Should See Slower Top-Line Growth in the Fourth Quarter, but Shares Remain Cheap

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