Pop Mart climbs to 2-week high on global bakery push

Pop Mart International

29/07/2026 03:39

** Shares of Pop Mart 9992.HK climb 3.9% to HK$169.2, their highest since July 17, and outpacing a 1.6% rise in benchmark Hang Seng Index .HSI 
** Stock on track for the biggest one-day pct gain since July 16
** The Beijing-based maker of collectible "blind box" toys including the toothy-grinned Labubu is diversifying its business by opening its first international bakery in Singapore, following debut of its first bakery in Chinese city Qinhuangdao in April
** Company plans to open dessert shops across Southeast Asia, including in Thailand, Indonesia and Malaysia
** YTD, Hong Kong stock down 10.2%, while Hang Seng Index .HSI up 0.41%



 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))