Pop Mart, the company behind the Labubu collectible brand, sees its shares fall following the release of first-half earnings results. Multiple outlets report that the stock drops by as much as 8.9% in Hong Kong, with investors reacting to signs of softer performance overseas.
Quartz and CNBC both point to weaker sales outside mainland China as a key factor. Quartz cites declines in revenues across Asia-Pacific and the Americas, while CNBC highlights that the change in “ex-China” sales data coincides with the earnings announcement. In addition to the company’s results, financial commentary focuses on a research note: Citi lowers its price target, which adds pressure on the stock. Quartz reports Citi’s revised target at HK$198.
While the outlets broadly align on the share decline, the underlying emphasis differs slightly. CNBC frames the move around the “key ex-China sales data” drop, whereas Quartz stresses the overseas revenue slump and pairs it with Citi’s updated outlook.
