Pop Mart Initiates Buyback After Stock Plunge

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Pop Mart, a popular Chinese toy retailer known for its blind box collectibles, has initiated a significant share buyback program following a dramatic drop in its stock price. The company's shares experienced a record plunge, prompting management to take action to restore investor confidence. The buyback program, the largest in the company's history, is intended to reduce the number of outstanding shares and potentially increase the value of the remaining shares.