---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40452557.md"
description: "$POP MART(09992.HK) Personally, I think Labubu's IP operation and the depth of its IP expansion are relatively poor. Without the ability to consistently generate topics and heat, it's hard for the stock price to have sustained upside potential."
datetime: "2026-05-06T03:15:53.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40452557.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40452557.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40452557.md)
author: "[张大可](https://longbridge.com/en/profiles/13609149.md)"
---

# $POP MART(09992.HK) Personally, I think Labubu's I…


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## Comments (1)

- **kiwi · 2026-05-06T06:39:36.000Z**: IP operation is inherently a false proposition. Even Disney can't do it; it still depends on luck. The good time to invest is when the Labubu craze subsides and Pop Mart is forgotten by the market.