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Labubu maker Pop Mart's shares fall 23% despite surging earnings

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Chinese toymaker Pop Mart's shares fell more than 20 percent despite strong annual earnings because of a perceived over-dependence on the Beijing-based firm's popular Labubu dolls

Chinese toymaker Pop Mart's shares fell more than 20 percent despite strong annual earnings because of a perceived over-dependence on the Beijing-based firm's popular Labubu dolls

Chinese toymaker Pop Mart's shares tumbled more than 20 percent on Wednesday, despite strong annual earnings, as investors fretted over a perceived over-dependence on its wildly popular Labubu dolls.

Revenue soared 184.7 percent to 37.1 billion yuan ($5.4 billion) in 2025, while net income surged 308.8 percent to 12.8 billion yuan, according to company earnings results published on the Hong Kong stock exchange on Wednesday.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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