Pop Mart’s shares plunged 20% after its biggest year ever. Is Labubu losing steam? (opens in new tab)

⁠Pop Mart’s 2025 revenue exploded 185%, but it didn’t stop its stock from plummeting Walk around in public, and you’ll probably see someone clutching a furry, pointy-eared creature dangling from their bag. There’s a high chance that it is a Labubu—and it’s the reason Chinese designer toy company Pop Mart has become one of the […]