The Chinese Toy Company Pop Mart is Performing Less Well as the Popularity of the Well-Known Labubu Dolls Declines. The Company’s Shares Fell Almost 9 percent on the Hong Kong Stock Exchange on Monday, The Biggest Drop Since April.
The price has plummeted by more than 10 percent in a week. The Decline is due to groups that the popularity of Labubu, The Toy Doll that caused a global hype in recent years, is beginning to decline. Analysts from the Financial Times Warn that pop Mart Has Become Too Dependent on the Success of the Labubu’s.
Earlier This Year, Pop Mart Reported a Quadrupling of Profits in the First Half of the Year. The Labubu Doll, which is also popular with Stars Such as Rihanna and David Beckham, Has Been the Engine Behind the Company’s Rapid Expansion in recent Years, Especialy Outside China.
Despite the price drop, the share is still up more than 180 percent this year. Pop Mart’s Market Value is Therefore Highher Than that of Toy Giants Hasbro and Mattel Combined. Accordance to Analysts, The Company Must Launch New Popular Characters To Remain Successful.