HK Stock Market Move | POP MART (09992) rose more than 5% in early trading. The first national store of the dessert brand POP BAKERY will be established in Qinhuangdao.

POP MART (0992) rose more than 5% in early trading, and as of press time, it increased by 2.97%, reaching 173.5 Hong Kong dollars with a trading volume of 1.319 billion Hong Kong dollars. On the news front, on June 9th, POP MART's independent dessert brand POP BAKERY announced the opening of its first store in Qinhuangdao nationwide. It is understood that the store will conduct a one-day trial operation on June 17th and officially open on June 19th. Previously, when responding to the situation of the first POP BAKERY brand store, POP MART stated that the store would introduce tea drinks for the first time, but the core business and brand main line will still focus on desserts. It is worth noting that on June 3rd, according to the Hong Kong Stock Exchange equity disclosure, Duan Yongping's stake in POP MART has increased from 5.69% to 6.04%. When asked about his reasons for buying into POP MART, Duan Yongping stated that his confidence in Wang Ning is a key factor. Duan Yongping said, "I used to be an 'entrepreneur' and can see how talented Wang Ning is. He is still so young and can do well for at least 25 years or more. The power of compound interest is astonishing."