Pop Mart shares fall after livestreaming incident about pricing
Employee was caught on livestream suggesting the collectible blindboxes were overpriced, sending shares down 5% to their lowest level since May.
A rooftop figure of Labubu, one of Pop Mart’s most recognizable characters. Shares in the Hong Kong-listed toy company dropped over 5% after a livestream incident in which an employee suggested the brand’s collectible blindboxes were overpriced — raising fresh questions about value perception amid slowing demand. Image: Bloomberg News
A rooftop figure of Labubu, one of Pop Mart’s most recognizable characters. Shares in the Hong Kong-listed toy company dropped over 5% after a livestream incident in which an employee suggested the brand’s collectible blindboxes were overpriced — raising fresh questions about value perception amid slowing demand. Image: Bloomberg News