China warning on blind-box toys sends Pop Mart shares tumbling
Hong Kong-listed Pop Mart suffers major selloff as Beijing signals potential crackdown on mystery box industry's impact on vulnerable young consumers nationwide.
Pop Mart’s Mega Space Molly figure, designed by Hong Kong artist Kenny Wong, remains a best-seller — but rising concerns over blind-box addiction among minors have sent the company’s shares tumbling. Image: Bloomberg News
Pop Mart’s Mega Space Molly figure, designed by Hong Kong artist Kenny Wong, remains a best-seller — but rising concerns over blind-box addiction among minors have sent the company’s shares tumbling. Image: Bloomberg News