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Pop Mart toys fuel 150% rally in bright spot for China consumer segment

Bloomberg
Bloomberg • 5 min read
Pop Mart toys fuel 150% rally in bright spot for China consumer segment
The Hong Kong-listed stock has surged more than 150% this year, making it one of the top performers on the MSCI China Index. Photo: Bloomberg
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Checking out the latest arrivals in a Pop Mart store near their apartment has become a weekend routine for 34-year-old Shanghai resident Miki Li and her family.

Li likes collecting blind box toys, or cartoon figurines in mystery packaging, featuring versions of the store’s signature character Molly dressed up like Garfield, a Minion or Ultraman. She has dozens at home.

“It gives you a way to escape from work stress and gain instant excitement,” she said of not knowing which toy will be inside the box. It’s the “perfect gift you can regularly buy to reward yourself”. 

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