A · Important
[Pop Mart: Overall revenue in the third quarter of 2026 dropped 45%-50% year-on-year] On October 27, Bubble Mart announced that overall revenue (unaudited) in the third quarter of 2026 fell year-on-year compared with the third quarter of 2025. 45%-50%; among which, revenue in China fell by 25%-30% year-on-year, revenue in Asia-Pacific fell by 65%-70% year-on-year, revenue in the Americas fell by 70%-75% year-on-year, and revenue in Europe and other regions fell by 50%-55% year-on-year. China's offline channel revenue fell by 5%-10% year-on-year, and online channel revenue fell by 45%-50% year-on-year.
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