Pop Mart Made a Bu Bu

“The Wall Street bank’s downgrade comes amid signs that the hype surrounding Pop Mart’s designer toys is fading. The premium once commanded by Labubus — the firm’s rabbit-eared plush dolls sought by celebrities from BlackPink’s Lisa to David Beckham — is narrowing in secondary markets in China.” Bloomberg (Gift Article): Fading Labubu Frenzy Wipes $13 Billion From Pop Mart Shares. (Hey, cocaine made a comeback. Why not Labubus?)