Pop Mart Faces Market Fallout After Controversial Livestream

Pop Mart, known for its collectible toys, faced a turbulent day on November 8th. Their shares fell over 5.5% after a live streaming incident stirred controversy. During the broadcast, an employee openly questioned the value of one of their products. This sparked a backlash on social media, shining a light on Pop Mart’s pricing strategies. The fallout was felt across the markets, particularly affecting the secondary prices of its popular Labubu series. This incident raised concerns among investors, prompting a close examination of the company’s pricing and sales practices.