闪崩！价格暴跌50%，黄牛跌哭了！3000亿泡泡玛特股价再度重挫，白酒却大涨！新旧消费要切换了？

Group 1: Bubble Mart's Decline - Bubble Mart's stock price has dropped by nearly 18% from its historical high of 283 HKD, resulting in a market capitalization loss of over 60 billion HKD [2][6] - The recent release of the Labubu series blind boxes has led to a significant decrease in secondary market prices, with prices dropping approximately 50% [8][9] - The company has increased the supply of Labubu products to improve consumer purchasing experiences, which has negatively impacted scalpers who previously profited from reselling [5][8] Group 2: Traditional Liquor Sector Recovery - The traditional liquor sector, particularly Baijiu, has seen a rebound with the sector rising over 2%, making it the top-performing industry on that day [10][11] - Companies like Huangtai Liquor and Jingjia Gongjiu have experienced significant stock price increases, with some stocks rising over 5% [11] - The market is shifting towards high-cost performance products as younger consumers drive demand, leading to a downward adjustment in product pricing strategies [13] Group 3: New vs. Old Consumption Trends - Discussions on social platforms highlight the contrasting narratives of new consumption, represented by Bubble Mart, and traditional consumption, represented by Baijiu [14][15] - Analysts suggest that while Bubble Mart has a strong growth trajectory, its reliance on single IPs may pose risks, as competitors can easily replicate its business model [15][16] - The transition in consumer behavior from functional needs to emotional value is noted, with traditional liquor companies needing to adapt to policy changes and economic recovery for sustained growth [18]