Shares in Labubu owner Pop Mart sink after state media warns against ‘blind boxes’
Surprise commentary from a Chinese state-owned media outlet helped to send shares of Pop Mart, the toy store behind the buzzy Labubu dolls, down by 3.6% in Hong Kong trading Friday. People’s Daily, a state media outlet, published an article on Friday criticizing the practice of selling “blind boxes,” a practice in which chains sell … Read more