Pop Mart's stock price once rose nearly 5% following a settlement with Topzhu; LABUBU collaboration blind boxes are in hot demand and sold out quickly.

Pop Mart performed strongly in the capital market, with its stock price rising by 4.98% at the open and reaching a high of HKD 215 per share. As of 10:21 a.m., the stock still maintained a 4.3% increase, trading at HKD 213.6 per share. This trend has attracted widespread market attention.

Recently, Zhu Zhu Technology issued a statement saying that issues related to the IP copyright of Pop Mart on its MakerWorld platform have sparked discussions across society. After friendly negotiations, both parties have reached a settlement, and the related content has been fully removed. This development has cleared potential obstacles for Pop Mart’s business growth.

In terms of products, Pop Mart continues to launch innovative series to attract consumers. On the evening of March 12, its new LABUBU blind box “Dream Adventure” was officially launched. This series is a collaboration between Pop Mart and Sanrio, featuring soft vinyl blind box figures. It includes seven designs that combine LABUBU’s classic image with exclusive costumes of Sanrio’s iconic IPs such as Hello Kitty, Kuromi, and My Melody. Within just one minute of release, the official mini-program and Tmall flagship store sold out, demonstrating its market popularity.