China Warning on Blind-Box Toys Sends Pop Mart Shares Tumbling

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Pop Mart International Group Ltd. shares fell 6.2% in Hong Kong following a Chinese state media call for stricter regulations on “blind cards” and “mystery boxes,” citing concerns over minors' addiction. Despite this dip, Pop Mart's shares have surged 170% this year, reflecting strong consumer interest. The Chinese government has already banned sales of these products to children under eight.