Pop Mart

Firm still struggling to build a lasting entertainment franchise beyond its one hit product

Firms that surged on social media buzz are finding it harder to sustain consumer interest

It has opened its first such international shop in Singapore; more outlets are planned across South-east Asia

And will your S$3,000 Mega Molly bought on Carousell ever regain its value?

Sales of non-Labubu items account for about 50% of total revenue in the US this year

Its sales in the US dropped 42 per cent year on year in April after a 45 per cent decline in March

Still, the cooldown matters because America has become the toymaker’s most important overseas market

The company’s Labubu-led Monsters series accounted for about 40 per cent of total revenue last year, up from 23 per cent in 2024

The buyback helped stabilise sentiment on Friday, with shares rising as much as 4.1 per cent