Is the Labubu Craze Fading? POP MART's Stock Takes a Hit

SummaryPOP MART's stock slumped after a JPMorgan downgrade, erasing billions in valueThis is linked to a narrowing premium for Labubu dolls in secondary marketsThe company plans a new animation and toys to sustain long-term growthPOP MART, the Chinese toy giant, has recently experienced a significant slump in its stock price, raising questions about the future of its most iconic character, Labubu. The dip, which erased billions from the company's value, has been attributed by some analys...