Pop Mart Shares Rise as China Voices Support for IP Consumption

Shares of Chinese toy retailers including Labubu maker Pop Mart International Group Ltd. rose Thursday in Hong Kong after China’s top economic planner signaled support for the sector in a key policy report.

Pop Mart jumped as much as 5.2%, its biggest intraday gain in about a month. Miniso Group Holding Ltd and Bloks Group Ltd. climbed as much as 2.3% and 3.8%, respectively.