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Short Sellers Keep Betting Against Pop Mart — Even Though It's Been a Losing Trade
Chinese Consumer Stocks With Specific Catalysts Could Outperform Peers -- Market Talk
Pop Mart's flagship IP cools off: LABUBU's new regular edition drops below issue price, while the hidden edition's premium shrinks to five times
① Reporters observed on secondhand platforms such as Dewu and Xianyu that popular styles like 'Rain Clears After Storm' and 'Light Blue Overture' dropped in transaction price to below RMB 100 within half an hour of release, with the largest decline exceeding 30%. ② Cyclical fluctuations in IP popularity represent a universal commercial pattern globally; compared to short-term hype, a large fan base and continuously evolving commercial value are key to the long-term success of an IP.
Huayuan Securities: Triple resonance of demand, supply, and policy drives the continuous expansion of the collectible toy market, fueled by the rise of emotional consumption.
In terms of growth momentum, some leading Chinese trendy toy companies have posted significantly higher compound annual revenue growth rates from 2021 to 2025 compared to overseas giants such as LEGO, Bandai Namco, and Disney, with Pop Mart and Bluey each achieving over sevenfold growth during the five-year period.
Economy of Sports More Than Merely On-field Action
Deutsche Bank Remains a Sell on Pop Mart International Group Limited (735)