Pop Mart Stock Slumps Most Since April on Renewed Growth Concern
Statues of Pop Mart character Molly at one of the company's stores in Beijing, China.
Photographer: Na Bian/BloombergPop Mart International Group Ltd. shares plunged on Thursday, reflecting renewed concerns about the toy maker’s long-term sales outlook despite a strong third-quarter performance.
The Hong Kong-listed stock dropped nearly 11%, the most since April. The decline reversed a 2.4% gain on Wednesday, after the manufacturer of popular Labubu dolls reported annual revenue growth of as much as 250% in the three months ended September.