Articles by Charlotte Yang

Pop Mart’s Labubu Risks Beanie Baby-Style Collapse, Analyst Says

Your browser is: Explorer 11.0. This browser is out of date so some features on this site might break. Try a different browser or update this browser. Learn more.✕ MarketsLabubu dolls on display at Pop Mart’s “Monsters by Monsters: Now and Then” 10-year anniversary exhibition in Shanghai last month.Photographer: Qilai Shen/BloombergContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowBy Charlotte YangNovember 16, 2025 at 1:00 AM GMT+1The euphoria surrounding Labubu toys is starting to resemble the boom-and-bust cycle that ended in the collapse of Beanie Babies in the 1990s, a warning sign for investors, a bearish analyst says.The hype over the sharp-fanged monster dolls is about to peak, and doubts about the next sales driver for owner Pop Mart International Group Ltd. suggest its shares have limited upside, said Melinda Hu, a senior research analyst for Asia consumer stocks at Bernstein in Hong Kong.Before it's here, it's on the Bloomberg TerminalBloomberg Terminal LEARN MOREHomeBTV+Market DataOpinionAudioOriginalsMagazineEventsNewsMarketsEconomicsTechnologyPoliticsGreenCryptoAIWork & LifeWealthPursuitsBusinessweekCityLabSportsEqualityManagement & WorkMarket DataStocksCommoditiesRates & BondsCurrenciesFuturesSectorsEconomic CalendarExploreNewslettersExplainersPointed News QuizAlphadots GameThe Big TakeGraphicsSubmit a TipAbout UsTerms of ServiceTrademarksPrivacy PolicyCareersAdvertiseAd ChoicesHelp©2025 Bloomberg L.P. All Rights Reserved.

10 hours ago