冲上热搜！泡泡玛特遭创始股东清仓？旗下产品仍被疯抢

Core Viewpoint - The recent large-scale share sell-off by major shareholders of Pop Mart has raised concerns, while the company continues to show strong growth in overseas markets and significant revenue increases from its products [2][4][5]. Group 1: Shareholder Activity - Major shareholders have sold approximately 11.91 million shares of Pop Mart, accounting for about 0.9% of the total share capital, involving funds of around HKD 2.2 billion [2]. - Fengqiao Capital has completely liquidated its holdings in Pop Mart through block trades, with the fund's cost basis for shares being around HKD 17-20, while the selling price ranged from HKD 187.99 to HKD 192.95, resulting in over 8 times profit [4]. Group 2: Company Performance - Since its IPO on December 11, 2020, Pop Mart's stock price has increased significantly, with a maximum cumulative increase of over 10 times [4]. - In 2024, Pop Mart achieved revenue of CNY 13.04 billion, a year-on-year increase of 106.9%, with overseas and Hong Kong-Macau business revenue reaching CNY 5.07 billion, a growth of 375.2% [5]. - In Q1 of this year, Pop Mart's overseas business revenue grew by 475%-480%, with the Americas market seeing a staggering growth of 895%-900% [5]. Group 3: Market Trends and Insights - The rise of Pop Mart's products, particularly the LABUBU series, has led to significant consumer demand, with long queues reported at stores in various countries [4]. - The company is seen as transforming from a new toy brand to a cultural phenomenon, appealing to overseas markets through unique cultural exports [5]. - Industry experts note that while the blind box products do not hold intrinsic value, their worth is derived from the associated IP and the rarity of hidden items, indicating potential for further development in IP storytelling and market presence [5].