Group 1 - The Labubu blind box prices have significantly declined in the secondary market after initially soaring to high levels shortly after their release [2] - The Labubu series saw a drastic price drop from over 4600 yuan to around 260 yuan, with the fourth generation mini Labubu following a similar trend [2] - Recent data from the Dewu APP indicates that the average transaction price for the Labubu blind box has been on a downward trend, with a recent average of 117.17 yuan [2] Group 2 - Morgan Stanley reports that Pop Mart is transitioning from a phase of explosive growth to a phase of sustainable growth, predicting a slowdown in revenue growth for Labubu by 2026 [3] - Pop Mart's recent performance has been strong, with a reported revenue increase of 245% year-on-year for Q3 2025, including a 185%-190% increase in China and a 365%-370% increase overseas [3] - The company's stock reached a historical high of 339.8 HKD, with a market capitalization exceeding 420 billion HKD, but has since declined to 199.90 HKD per share [3]
Labubu盲盒二手价大“跳水”
Sou Hu Cai Jing·2025-12-29 13:36