Group 1 - The core incident involved a "live streaming failure" during a session by Pop Mart, where staff inadvertently commented on the high price of a product, leading to negative market reactions [2] - Following the incident, Pop Mart's stock price fell nearly 5%, reaching 207 HKD, with a total market capitalization of 278.2 billion HKD. The stock has seen a decline of over 17% in September and over 16% in October [2] - Pop Mart's third-quarter revenue showed significant growth, with overall revenue increasing by 245%-250% year-on-year, driven by a 185%-190% increase in China and a 365%-370% increase in overseas revenue [2] Group 2 - The company is strategically promoting a new IP called "Star People," which is expected to become a significant revenue driver, having generated 390 million CNY in the first half of 2025 [3] - "Star People" is recognized as one of the fastest-growing new IPs under Pop Mart, with expectations that it could rival the success of the LABUBU brand [3]