Pop Mart International Group Ltd. undertook its largest buyback ever in a move to bolster confidence after a record stock plunge spurred by concerns over its reliance on Labubu dolls for growth. The buyback is intended to signal management's view of the company's underlying value to investors worried about narrow product dependence. Market participants have expressed concerns that the company's growth remains overly tied to the Labubu doll line, contributing to the share price decline. The company's action comes as one perspective on addressing investor sentiment, while analysts continue to highlight risks from limited diversification. Source: https://www.bloomberg.com/news/articles/2026-03-27/pop-mart-launches-largest-ever-buyback-after-record-stock-plunge