2026-10-28
On October 28, Pop Mart submitted a performance update to the Hong Kong Stock Exchange, showing a 45% to 50% year-on-year decline in Q3 sales. Specifically, the Americas market dropped by 70% to 75%, and mainland China saw a decline of 25% to 30%. Since its peak in August 2025, the stock price has fallen by more than half, with a market capitalization of approximately $22 billion.
2026-09-08
In the comments section of an avoid-this-brand post on Xiaohongshu on September 8, a netizen pointed out that Pop Mart's contract factory has no days off in a busy month, 8 a.m. to 9 p.m. shifts are common, and the hourly wage is 10 yuan, urging people to avoid it.
2026-01-14
China Labor Watch has released an investigative report stating that while the art toy Labubu became a global hit in 2025, workers at its Chinese contract factories face harsh conditions such as low wages and excessive overtime, creating a sharp contrast with the brand Pop Mart's commercial success.