INSUBCONTINENT EXCLUSIVE:
The world’s most valuable toymaker is losing some of its appeal after the mouthpiece newspaper of the Communist Party of China poured cold
water on its business model and warned against the addictiveness of its wildly popular collectibles.
Pop Mart International Group’s shares
plunged as much as 6.6 per cent on Friday in Hong Kong after the People’s Daily newspaper ran a commentary that railed against the
“wilful consumerism” of so-called blind boxes
The stock has fallen 11 per cent in two...
