Ah_Meng
03-27
Thanks for the 🏷️, @Barcode Like passing a baton [LOL] I won’t be outdoing you though. But I do want to share my experience with $POP MART(09992)$ back in Singapore! I have not heard of it prior to my December holiday. At least this has not really taken off in where I am staying in my part of Australia [Happy][Tongue]. I was surprised when a family friend introduced us to it. She mentioned that it’s a craze among the kids in Singapore! Young children, not just teenagers, are crazy of them!? Of course if I have a choice between the 2, $POP MART(09992)$ will be the one. We have bubble tea everywhere and it’s very competitive. $MIXUE GROUP(02097)$ from my understanding is competing on the price point. Just take 🍎 for example, an iPhone probably has many similar functions as other hand phones, but it’s selling at a premium price. This is called “lifestyle premium “. Pop Mart is growing it, while Mixue is doing what the low price hand phone sellers do. It’s a tough slog. Get my point?
POP Mart Rockets With Labubu 3.0! Too Late to Bet on Money Machine?
On April 25, Pop Mart’s app topped the Shopping category on the US App Store — its first time ever reaching No.1 in this ranking. The LABUBU 3.0 series also sold out instantly during its online launch in mainland China on the evening of April 24. Pop Mart’s stock surged 12% yesterday, hitting a new all-time high. With LABUBU’s global popularity skyrocketing, is it already too late to jump on the bandwagon? Do you have confidence in Pop Mart’s new IPs like Crybaby? Between Molly and Labubu, which one do you prefer?
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