Pop Mart stock plunges as Labubu craze starts to fade

Core Viewpoint - Pop Mart International Group Ltd. is experiencing increasing investor skepticism as indications suggest that the global enthusiasm for its Labubu character may be diminishing [1] Company Summary - Pop Mart International Group Ltd. was previously regarded as one of the most promising stocks in Hong Kong [1] - The company is facing challenges as the popularity of its Labubu character appears to be waning [1] Industry Summary - The overall market sentiment towards collectible toy companies, including Pop Mart, may be shifting as consumer interest shows signs of cooling [1]