5月7日,一则资本市场的重磅消息引发轩然大波:蜂巧资本通过三次大宗交易清仓所持泡泡玛特全部股份,累计套现22.64亿港元,约合人民币21.09亿元,为其长达14年的投资画上句号。这一事件恰逢泡泡玛特股价创下历史新高,市值超2400亿港元,却也导致其股价两日内累计下跌超8%。蜂巧资本的退出,不仅是一场早期投资者“完美退出”的经典案例,更折射出新消费领域资本周期律的残酷现实——当企业从“高增长神话”...
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