Shares in Pop Mart, the chain behind the Labubu craze, sink after state media warns against ‘blind boxes’

fortune.com/asia/2025/06/20/labubu-pop-mart-shares-blind-box-criticism

Surprise commentary from a Chinese state-owned media outlet helped to send shares of Pop Mart, the toy store behind the buzzy Labubu dolls, down by 3.6% in Hong Kong trading Friday.
People’s Daily, a state media outlet, published an article on Friday criticizing the practice of selling…

This story appeared on fortune.com, 2025-06-20 11:15:25.
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