Labubu's parent company's stock is down after China issued a warning on a lucrative sales strategy

Labubu's parent company's stock is down after China issued a warning on a lucrative sales strategy

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Pop Mart's stock slid after China's state media cautioned on blind boxes. PEDRO PARDO/AFP via Getty Images Pop Mart saw its stock price drop more than 5% after China issued a warning on blind boxes. Chinese state-run news outlet People's Daily wrote about children getting addicted to the mystery…

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