China's POP MART Targets $4 Billion In Sales This Year
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Shares of Chinese pop toy maker Pop Mart International Group Ltd. fell after it reported robust revenue and profit growth, as analysts flagged concerns over longer-term popularity.
Pop Mart, the Chinese company behind the Labubu franchise, has sold $670 million worth of related products this year—more than iconic US toy lines Barbie and Hot Wheels.
Chinese coffee chains are popping up in New York. Chinese video games are generating billions. Even Chinese makeup, or "c-beauty," firms are expanding globally.
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