Pop Mart shares rise in volatile trading after Labubu-maker posts near-400% profit surge
Pop Mart has seen booming global demand for its Labubu plushies that have become a worldwide sensation.
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Latest on Labubu-maker
Newest firstGeopolitics
China slammed 'blind box' addiction - but that shouldn't faze Labubu-maker Pop Mart
Analysts say the fears of regulatory headwinds are overblown as Gen Zers and millennials, rather than young children, are Pop Mart's main consumer demographic.
Finance
Labubu-maker's shares slump as Chinese state media calls for stricter regulation, Morgan Stanley cuts interest
Pop Mart, the Chinese toy company behind the recent Labubu craze, saw its shares fall this week after Morgan Stanley removed the stock from a focus list.
