While the world continues to go crazy for la bu bu, many have wondered if the boom and, by extension, pop mart, the toymaker behind the grinning monster, is just a waiting to burst.
There is more to the story than the news of a price collapse.
For the toymaker’s share price, the focus was on (2.12 billion usd).
Pundits believe this was largely due to market turbulence that day, rather than the company’s performance or the designer toy sector.
Pop mart’s restock is, of course, welcomed on chinese consumers have long been plagued by scalpers and a lack of supply on the labubu market, with some even resorting to buying fake ones.
Pop mart founder and ceo expressed the intention of reducing supply in case of saturation and fatigue, raising fears about bursting the bubble.
How to achieve a soft landing before the craze inevitably fades is a question for the toymaker to answer.