Pop Mart Shares Slide on Reports of Waning Labubu Reseller Demand
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Investor sentiment towards Pop Mart International Group Ltd has declined due to reports of decreasing reseller demand for its Labubu toys, leading to a 6.2% drop in shares. This decline adds to a 44% fall since August, erasing over $25 billion in market value. Average resale prices for Labubu toys have fallen below retail levels, raising concerns about the brand's momentum. The company is now focusing on other intellectual properties to sustain growth, while some investors are shifting away from new consumption stocks amid broader market pressures.
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