Pop Mart shares tumble over reliance on Labubu
Chinese maker of global hit doll is world’s most valuable toy company
Chinese maker of global hit doll is world’s most valuable toy company

Toy company’s stock falls amid concerns about faltering resale market

Chinese toymaker plans store on New York’s Fifth Avenue as it faces pressure to continue momentum of its popular dolls

Low-cost retailer joins wave of Chinese companies starting to design their own characters

Pop Mart’s market capitalisation has surpassed that of Mattel and Hasbro combined on back of hot-selling collectible

Pop Mart’s elflike doll has its rivals but the greatest threat may be the temporary nature of viral toy crazes

Pop Mart faces challenges to increase fan base for cult toy, whose sales rely on scarcity and surprise, while expanding worldwide