Pop Mart Announces Buyback Plan of Up to $740 Million, July Online Sales Down 21% Year Over Year
Chinese toy manufacturer Pop Mart’s founder and CEO, Wang Ning, announced during the company’s interim results earnings call at the Hong Kong Stock Exchange on August 20 that Pop Mart would launch a stock buyback program worth 2 billion to 5 billion yuan—up to approximately $740 million—within the next six months. According to Mojing Data, which tracks Tmall, Taobao, and Douyin, Pop Mart’s online product sales in China still fell 21% year over year in July despite the launch of new products such
POP MART0.40%
Bisc·08-21 02:30



