Pop Mart revenue falls 45–50% in third quarter

Chinese toy maker Pop Mart said its revenue in the third quarter fell 45–50% compared with the same period last year. The decline affected the company’s major markets, with overseas operations and online sales hit hardest.

Revenue fell 25–30% in mainland China and 65–70% in the Asia-Pacific region outside mainland China and in Oceania. In the Americas, the decline was 70–75%, while in Europe and other regions it was 50–55%.

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Translation editors: Соловьев В., Пеков А.