US EditionLabubu-Maker Pop Mart's Shares Extend Slide as Morgan Stanley Removes It From China Focus List
- Pop Mart International Group’s stock fell by as much as 6.2% on June 20 in Hong Kong following a commentary from Chinese state media advocating for tighter controls on blind-box toys.
- The drop followed a People's Daily report urging strict identity checks to curb 'out-of-control consumption' of blind boxes by minors, amid growing public concern.
- Pop Mart, a Beijing-based toymaker known for its Labubu elf-like figurines, has rapidly expanded overseas, with 2024 overseas sales surpassing its 2021 total domestic sales.
- On June 18, Morgan Stanley decided to remove Pop Mart from its key coverage group for China and Hong Kong stocks, citing the company’s impressive 160% gain so far this year and expressing concerns that such strong performance may not persist in the near term.
- Shares are on track for their first negative week since May, with losses exceeding 13%, reflecting investor concern about regulatory risks despite Pop Mart's strong market presence.
10 Articles
10 Articles
The shares of Pop Mart International Group Ltd. (a company selling the Labubus dolls) fell in Hong Kong after a comment in a Chinese state media called for stricter regulation of blind box toys and collectible cards, fueling concern about the company's popular Labubu doll business.Although the comment did not mention Pop Mart by name, it frightened the operators, who pushed the company's shares to a gain of almost 170 percent this year amid the …
NBC Chicago
Labubu-maker's shares slump as Chinese state media calls for stricter regulation, Morgan Stanley trims 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.
LABUBU prices “collapsed”? Has the POP MART bubble popped?
While the world continues to go crazy for LABUBU, many have wondered if the boom and, by extension, POP MART, the toymaker behind the grinning MONSTER, is just a bubble waiting to burst. On 19 June, two headlines came in about the supposed “collapse” of both LABUBU and POP MART share prices. LABUBU effect? POP MART CEO Wang Ning is now richest in Henan However, there’s more to the story. The news of a price collapse largely refers to an officia…
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