Pop Mart shares sink despite revenue surge, as analysts say Labubu reliance worries investors

Pop Mart shares sink despite revenue surge, as analysts say Labubu reliance worries investors

HONG KONG (AP) — Labubu doll maker Pop Mart’s shares sank nearly 23% on Wednesday despite robust revenue, with analysts pointing to investor concerns over the Chinese toy company’s ability to grow beyond its heavy reliance on Labubu-related income. The plunge in Pop Mart’s Hong Kong-listed shares c...

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