Reported about 3 hours ago
Shares of Pop Mart International Group fell over 5.5% after a livestream incident raised questions about the pricing of its products. A viral video featured an employee questioning the value of a priced blindbox item, sparking backlash on social media and revealing concerns about the company’s pricing strategy. This controversy coincided with a drop in secondary market prices for the Labubu series, leading analysts to suggest that the shift in market sentiment may be affecting sales and share value as the company's stock has fallen significantly since late August.
Source: YAHOO