Pop Mart Shares Drop After Overseas Sales Fall

Pop Mart, the company that makes the popular Labubu toy figures, saw its shares drop. This happened after the company shared new sales numbers.

The sales outside of mainland China fell. This news worried investors. It also caused Citi, a big financial company, to lower its target price for Pop Mart's shares.

Pop Mart makes collectible art toys. These toys are very popular, especially in Asia. The company hopes to grow its business all over the world.

When a company's sales drop in key areas, it can make investors nervous. This shows how important international markets are for growing companies like Pop Mart.

Source: CNBC