China-based toy maker Pop Mart and tech giant Xiaomi have unveiled expanded share repurchase plans, signaling confidence in their long-term value as equity markets across Asia face renewed pressure. The moves follow a wave of corporate capital returns across the region.
- Pop Mart expanded its share buyback to $150 million from $100 million.
- Xiaomi raised its buyback commitment to $300 million, up from $200 million.
- Pop Mart's Q3 revenue reached RMB 680 million, a 12% YoY increase.
- Combined buyback value totals $450 million.
- Pop Mart shares rose 6%, Xiaomi gained 4.3% in after-hours trading.
- Buybacks are seen as signals of long-term confidence amid market volatility.
Pop Mart has announced a $150 million share buyback program, marking an expansion from its previous $100 million initiative launched in late 2024. The company reported a 12% year-over-year increase in third-quarter revenue, reaching RMB 680 million, driven by strong demand for its collectible doll line, including the Labubu series. The new buyback will be executed over 18 months and may be adjusted based on market conditions. Xiaomi also revealed a $300 million buyback plan, up from its initial $200 million commitment in September 2025. The announcement coincided with the company’s unveiling of its new Mi 15 smartphone and a strategic pivot toward higher-margin smart devices. Xiaomi’s stock had declined 14% in the past quarter amid broader sector weakness in consumer electronics. Together, the two buyback programs represent a combined $450 million commitment, reflecting growing confidence among Chinese tech and consumer firms during a period of economic uncertainty. Analysts note that such actions often precede or accompany improved earnings outlooks, particularly when companies maintain healthy cash flow despite macro headwinds. The initiatives are likely to bolster investor sentiment, especially among retail and institutional holders focused on capital efficiency. Shares of both Pop Mart and Xiaomi saw immediate positive reactions, with Pop Mart rising 6% and Xiaomi gaining 4.3% in after-hours trading. The move also underscores a broader trend: Chinese corporations are increasingly using buybacks as tools to support valuations and signal resilience in volatile markets.