Pop Mart International Group Ltd. has seen its shares plummet over 30% in five trading sessions, raising concerns about the sustainability of its Labubu-led business model. The decline has erased $33 billion from the company's market value since its August peak.
- Pop Mart's shares have fallen over 30% in five sessions
- $33 billion wiped from market cap since August 2024 peak
- Stock down nearly 60% from record high
- Growing concerns about Labubu-driven business model sustainability
- Investor skepticism over collectible toy market's long-term viability
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