Pop Mart is popping
$POP MART(09992)$ $Pop Mart International Group Limited(PMRTY)$ One of the best performing stocks over the past year was a company right under my nose. My kids were going crazy about the toys and collectibles they make and sell (sometimes in vending machines).
Pop Mart is popping.
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China's online retail sales grew 7.2% YoY to RMB 15.5 trillion in 2024. It accounted for 31.8% of total retail sales.
In December alone, online retail sales grew 5.4% YoY to RMB 1.415 trillion. It accounted for 33% of total retail sales.
With online retail sales now accounting for a third of total retail sales, the growth gap between the two is narrowing.
Boosting consumption won't just depend on better policies for retail-facing platforms. Beijing needs to take a broader approach to #stimulus to deliver growth in this vital sector to match (or exceed) their GDP target.
$Alibaba(BABA)$ $BABA-W(09988)$ $JD.com(JD)$ $JD-SW(09618)$ $PDD Holdings Inc(PDD)$ $MEITUAN-W(03690)$ $MEITUAN(MPNGF)$ $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$ $KraneShares CSI China Internet ETF(KWEB)$ $KraneShares MSCI China All Shares Index ETF(KALL)$
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