Pop Mart shares fall about 40% amid doubts over Labubu sales

Finally, the craze behind one of the world's hottest collectible toys may be cooling fast. Shares of PopMart have fallen about 40% as weaker Black Friday sales and slowing resale demand raised doubts about its viral Laboo. The pullback has seen comparisons to the Beanie Babies bust years ago, challenging hopes that PopMart could evolve into a Disneystyle powerhouse.Investors are watching whether PopMart's expansion overseas and new entertainment projects can sustain growth beyond the little monsters boom Sa ...