泡泡玛特跌超4%，部分LABUBU已跌价13%

Core Viewpoint - The article discusses a recent incident involving Pop Mart's live stream, where a staff member made a controversial remark about the pricing of a product, leading to a public backlash. Despite this, the company's performance remains strong, with significant revenue growth reported. Group 1: Incident Overview - On November 6, Pop Mart's live stream faced backlash when a staff member commented that the price of a DIMOO blind box, originally priced at 79 yuan, was "a bit excessive" [3][6] - An internal source confirmed the incident and stated that the company is investigating but will not terminate the involved employees [6] Group 2: Product Performance - DIMOO, created by designer Ayan Deng, is one of Pop Mart's top-selling IPs, consistently ranking in the top 5 for sales [6] - The new DIMOO series "New Diary" sold out immediately upon release, and a collaboration with Disney saw the hidden variant "Mickey TV Show" increase in price from 179 yuan to 784 yuan, reflecting a 3.4 times premium [7] Group 3: Market Trends - Sales for other Pop Mart IPs like LABUBU, Star People, CRYBABY, and SKULLPANDA have also been strong, with supply issues gradually improving due to regular restocks [7] - Following large restocks, product prices have seen varying degrees of decline, with the hidden variant "Heart" of LABUBU dropping by 13% and 6% after restocks on September 25 and October 20, respectively [7] Group 4: Financial Performance - Despite a stock price decline of over 35% since late August, Pop Mart reported robust financial results, with a 245% year-on-year revenue increase in Q3 2025 [8] - Revenue from China grew by 185% to 190%, while overseas revenue surged by 365% to 370% [8]