Pop Mart founder Wang Ning said the company will face greater pressure in the second half of the year and is likely to miss its 20% full-year growth target. After the earnings release, Pop Mart shares fell nearly 8%. According to Odaily, Duan Yongping, the company’s largest shareholder after the founder, responded to online criticism by saying he does not care about market expectations and only cares about the company’s future. He added that he does not focus on short-term matters and thought the earnings report looked good.
The sharpest exchange came after a user mocked Duan’s investment in Pop Mart, writing that he had mistaken the company for a toy retailer with a strong moat. Duan replied, “Are you off your meds?”
