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Story summary
- Pop Mart, the maker of Labubu, saw its shares rise 23% this week after an interview with Wang Ning, Pop Mart CEO.
- In an interview with Xinhua, Wang discussed Pop Mart's journey and vision, which investors read as official support.
- The stock peaked 9.2% intraday and closed 6.5% higher at HK$219.40.
- The surge was aided by a new Pucky line collectible and buy-back of 1.4 million shares for HK$251 million.
