Pop Mart’s stock price has plummeted, with the second-hand prices of LABUBU falling and short selling surging, attracting attention.

1. How is the performance of Pop Mart’s fourth-generation LABUBU blind box? 2. How does the market view Pop Mart’s inclusion?$Hang Seng Index (800000.HK)$

$POP MART (09992.HK)$ After recently reaching a new high, it has continued to decline, dropping more than 8% at one point during the trading session. As of the time of publication, it has fallen by 7.04%, priced at HKD 287.8.

According to media reports, the second and third generation LABUBU products have generally seen a decline in second-hand prices, with daily drops ranging from 3 to 11 yuan. For example, the third generation ‘Loyalty’ model, originally priced at 99 yuan, has seen the lowest second-hand market price drop to 81 yuan.

Meanwhile, the launch of the fourth generation…

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