Pop Mart stock dips 25% from August highs despite tripled Q3 revenue; Labubu resale slump sparks demand debate amid rising supply and global growth hopes.
Chinese coffee chains are popping up in New York. Chinese video games are generating billions. Even Chinese makeup, or "c-beauty," firms are expanding globally.
Pop Mart, the Chinese toy company behind the recent Labubu craze, saw its shares fall this week after Morgan Stanley removed the stock from a focus list.