5 Must-Read News Stories | Pop Mart Plunges 20% Post-Earnings, Market Cap Evaporates 65.5 Billion

SighingCashier · 2026-03-25T14:12:10+00:00

Pop Mart announces threefold profit growth last year, yet stock price plummets 22.5%, evaporating 65.5 billion yuan in market value. Competition commission charges bid-rigging group involving 700 million engineering contract. TVB turns loss into profit, proposes rebranding to "Wireless Group". Deyuan Garden haunted property fails to sell at auction, celebrity Yu Jinj sells mansion for over 189 million profit.

SighingCashier

2026-03-25 14:12:10

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Pop Mart’s stock plummeted over 20% after earnings report, wiping out HKD 65.5 billion in market value

Pop Mart (09992) announced at noon that last year’s profit tripled, but the stock price plunged over 20% in the afternoon, ending the day down 22.5%. Market capitalization evaporated approximately HKD 65.5 billion in one day.

Competition Commission files lawsuit against building repair bid-rigging group involving 11 estates with contracts worth HKD 700 million

The Competition Commission has filed a lawsuit against a building repair bid-rigging group, suspected of colluding to secure nearly HKD 700 million worth of contracts across 11 estates and buildings, including Hong Fuk Court in Tai Po.

TVB’s earnings | Turned profitable last year with HKD 59.29 million, plans to rebrand as “Wireless Group”

TVB (00511) turned a profit last year, earning nearly HKD 59.29 million, and proposes to change its Chinese name to “Wireless Group Limited.”

Tak Fu Garden “Five Bodies Murder Case” haunted house auction withdrawn after no bids

Loyalty Auction House listed 16 properties for sale, including the highly watched Tak Fu Garden in Kowloon Bay, known for the “Five Bodies Murder Case” haunted house, which was withdrawn after no bids were received.

Celebrity sell-off | Yu Jinji sells Kowloon Tong mansion for HKD 190 million, appreciating 252 times

The luxury property market continues to see celebrities cashing out. It is reported that businessman Yu Jinji sold a large house at 8 Wai Chow Street, Kowloon Tong, earning over HKD 189 million in profit.

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