HK Stock Market Move | POP MART's stock (09992) rose by more than 5%, reaching a new high. The company has initiated a global organizational structure upgrade to advance its globalization strategy.

POP MART (09992) rose more than 5% in the afternoon, reaching a high of 167.7 Hong Kong dollars, touching a historical high. As of the time of writing, it has risen by 3.71% to 165.1 Hong Kong dollars, with a trading volume of 1.391 billion Hong Kong dollars. On the news front, on April 14th, POP MART founder and CEO Wang Ning released a company-wide letter, announcing the immediate start of a global organizational structure upgrade to further advance the group's global strategic goals. The core of this organizational structure upgrade is to focus on regional strategies, with POP MART establishing regional headquarters in Greater China, the Americas, Asia-Pacific, and Europe to better adapt to and capture the characteristics and needs of different markets. Bank of America Merrill Lynch released a research report stating that they believe the tariff war will have a limited impact on POP MART, as the company has strong pricing power, defense capabilities against economic downturn, global production transfers and supply chain diversification, and a global strategy. In market fluctuations, the stock has high certainty and defensiveness. Additionally, the report indicates that POP MART has already transferred 10% of its production from China to Vietnam by 2024, and plans to further expand to Southeast Asia and Mexico by 2025. This diversified supply chain strategy reduces tariff risks and supports its global expansion.