0815 GMT - Pop Mart's recent share-price correction isn't a sign of Labubu's fading popularity, Citi analysts say in a research note. The fall was likely driven by market concerns over a drop in Labubu's resale price, the analysts say. The company's restocking initiatives that cater to real demand, improve customer experience and curb reseller activities should foster the intellectual property's strength in the long term, they note. Meanwhile, Pop Mart's other iconic IPs could emerge as new drivers, such as Twinkle Twinkle, a human-like character with a well-developed story line, they add. Citi maintains a buy call on Pop Mart with its target price unchanged at HK$398.00. Shares are last at HK$270.60. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

September 19, 2025 04:15 ET (08:15 GMT)

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