People look at collectable designer art toy Labubu at a Pop Mart pop-up store in Siam Center shopping mall in Bangkok on May 6, 2025. - AFP
Shares of Pop Mart International Group Ltd., the maker of the popular Labubu toy line, fell more than 5.5% Friday to their lowest level since May, after a livestream incident reignited scrutiny over its product pricing.
The Hong Kong-listed stock’s drop followed a viral clip in which a Pop Mart employee appeared to question the value of a blindbox item during a Thursday livestream, according to The Cover, a Chinese local media outlet. The product in question - a phone chain blindbox priced at 79 yuan ($11) - sparked backlash across social media.
