Pop Mart offers RMB 5BN buyback as revenue drops

Chinese toy retailer Pop Mart unveiled a share buyback plan of up to RMB 5 billion ($742 million) after a double-digit decline in overseas revenue in the first half of 2026 led the company to warn it is likely to miss its full-year growth target, reports Caixin.

Hong Kong-listed Pop Mart posted revenue of RMB 17.2 billion for the first six months of the year, up 23.8% from a year earlier, according to earnings released on Wednesday. Net profit attributable to shareholders rose 10.1% to RMB 5 billion.

Domestic revenue climbed 47.3% to RMB 12.2 billion, while overseas revenue fell 11.1% to RMB 5 billion. Revenue in the Americas declined 16.5%, and Asia-Pacific sales fell 9.7%. Europe and other regions posted a 5.9% gain.