The shares of Pop Mart (HKG: 9992), the Beijing-based maker of the viral Labubu toys, dropped as much as 22.51% on Wednesday, March 25, following the release of the company’s 2025 annual report.While full-year results met market expectations, the report failed to convince investors of sustained growth beyond The Monsters, i.e., Labubu IP, intensifying concerns about reliance on a single franchise.Revenue from the line surpassed the 10-billion-yuan (~$1.45 billion) milestone for the first time, reaching 14.1 ...