Labubu maker Pop Mart's shares fall 23% despite surging earnings
Chinese toymaker Pop Mart's shares tumbled more than 20 percent on Wednesday, despite strong annual earnings, as investors fretted over a perceived over-dependence on its wildly popular Labubu dolls.
Revenue soared 184.7 percent to 37.1 billion yuan ($5.4 billion) in 2025, while net income