Recently, Wang Ning, the founder, chairman, and CEO of Pop Mart, made an appearance at the company's CRYBABY special exhibition, drawing in a sizable throng of visitors. Given the recent substantial plunge in Pop Mart's stock price, once photos of Wang Ning's attendance at the event started circulating, netizens one after another (this phrase is kept to convey the sense of a continuous, almost overwhelming wave of responses, which is a common cultural depiction in such contexts) took to the internet to discuss the stock price situation and openly urged Wang Ning to buy back shares.

It's reported that Pop Mart's stock price has been on a steady downward trajectory since hitting an all-time high of HKD 339.80 per share in August of this year. Currently, it's hovering at a mere HKD 192.90 per share, marking a drop exceeding 43%. A multitude of factors have contributed to this stock price decline. There's the loss of scarcity as a result of the expanded production capacity of core intellectual properties (IPs). Growth in the U.S. market has slowed down. Short-selling activities have intensified. And a trust crisis was sparked by a livestreaming incident.

Despite these challenges, Pop Mart remains proactive in its overseas expansion efforts, ramping up its global footprint at a faster pace.