There is not an oversupply of Labubus – at least for now, according to HSBC.
Second-hand prices of the wildly popular monster dolls – endorsed by celebrities like pop star Rihanna and Lisa from the South Korean girl group Blackpink – have recently begun to fall as maker Pop Mart ramped up production. Shares of the company have dropped more than 20 per cent since peaking in late August, raising investor concerns that the toys’ supply is exceeding demand.
