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Pop Mart Stock Plummets Amid China's Blind Box Warnings

6/20/2025

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Summary

Story summary

Pop Mart's stock dropped over 5% following China's warning about the addictive nature of blind boxes.
People's Daily raised concerns about products like blind trading cards.
Since 2023, China has prohibited blind box sales to children under eight.
Despite the decline, Pop Mart's stock surged 500% in the past year, fueled by the Labubu line's popularity.
The company temporarily halted sales in South Korea and the UK due to overwhelming demand.

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Story summary

Pop Mart's stock dropped over 5% following China's warning about the addictive nature of blind boxes.
People's Daily raised concerns about products like blind trading cards.
Since 2023, China has prohibited blind box sales to children under eight.
Despite the decline, Pop Mart's stock surged 500% in the past year, fueled by the Labubu line's popularity.
The company temporarily halted sales in South Korea and the UK due to overwhelming demand.