Pop Mart drops sharply, market value evaporates over HKD 40 billion

MaticHoleFiller · 2026-04-07T20:10:47+00:00

Hong Kong stock bubble Pop Mart plummeted 17.96% in the afternoon of March 25, with a market value evaporating over HKD 40 billion. Despite its 2025 financial report showing significant increases in revenue and net profit, the market reaction was lukewarm.

MaticHoleFiller

2026-04-07 20:10:47

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On March 25, Pop Mart listed stocks in Hong Kong saw a sharp decline after noon; as of 14:00, the stock was down 17.96%, trading at HK$178.2 per share. Its market value evaporated by more than HK$40 billion in a single day.

On the news front, Pop Mart released its 2025 annual report on March 25. In 2025, Pop Mart’s revenue was RMB 37.12 billion, up 184.7% year over year; its adjusted net profit was RMB 13.08 billion, up 284.5%.

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By editor: Liu Wanli SF014

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