Pop Mart Shares Drop After Sales Slip

Pop Mart makes toys that many people love. One of their most famous toys is Labubu. The company just shared its sales numbers. Investors are watching closely.

Sales outside of China went down. This includes places like Asia and America. Citi, a big financial company, lowered its price target for Pop Mart shares. This means they think the shares will be worth less than they thought before.

Pop Mart is still a big name in the toy world. But these sales figures show that growing in new markets can be hard. The company will need to work even harder to bring its popular toys to more people around the world.

Source: CNBC