Pop Mart shares plunge as Labubu maker flags slower growth
Companies
Over $8bn wiped off market cap despite record earnings; CEO Wang vows stability
Chinese toy maker Pop Mart logged record earnings in 2025, driven by global demand for its Labubu plush toys. © Reuters
SHANGHAI — Shares of Pop Mart International Group, the retailer of Labubu plush toys, fell sharply on Wednesday after management indicated slower earnings growth for 2026 despite record results in 2025.
