Tag: $Pop Mart

Pop Mart shares plunge over 22% as concerns over sustainability of Labubu sales dwarf stellar results

Pop Mart shares lost more than a fifth of their value on Wednesday, as concerns over the sustainability of the company’s Labubu plushies-driven growth overshadowed its blockbuster annual results.

Pop Mart shares reverse course to rise 10% after Labubu-maker posts near-400% profit surge

Shares in Chinese toymaker Pop Mart reversed course to rise Wednesday, a day after the company posted a near-400% surge in net profit, driven by booming global demand for its Labubu dolls.