---
title: "China’s Pop Mart struggles despite buy-backs as Labubu reliance sparks concerns-scmp"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281605800.md"
description: "China’s Pop Mart struggles despite buy-backs as Labubu reliance sparks concerns-scmp"
datetime: "2026-04-03T04:51:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281605800.md)
  - [en](https://longbridge.com/en/news/281605800.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281605800.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281605800.md) | [繁體中文](https://longbridge.com/zh-HK/news/281605800.md)


# China’s Pop Mart struggles despite buy-backs as Labubu reliance sparks concerns-scmp

China’s Pop Mart struggles despite buy-backs as Labubu reliance sparks concerns-scmp

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