Pop Mart shares jump on share buyback, with co-branded trendy toy smartphone debut

Chinese doll maker Pop Mart's (9992) shares once jumped 10 percent on Tuesday following its HK$251 million share buyback.

The company reported that it repurchased 1.4 million shares on Monday, with prices ranging from HK$177.7 to HK$181.2. The move marked its first share buyback since 2024.

Separately, Pop Mart partnered with the phone maker HONOR to launch the industry's first trendy toy smartphone, "HONOR 500 Pro MOLLY 20th Anniversary Limited Edition", priced at 4,499 yuan (HK$5,038).

The co-branded version in Obsidian Black color features the MOLLY little painter image on the back, with customization software including Molly-themed wallpapers, camera watermarks, and charging animations.

The toy giant's shares closed at HK$180.08 on Monday. Based on its record high of HK$339.8, the price represented a decline of 47 percent.