Pop Mart’s China online sales drop 5% YoY in May, Labubu demand questioned
May domestic e-commerce data shows the first YoY dip since 2024, hinting IP momentum may be cooling.
By Hessa Al-Faleh·· 4 min
1 briefing · “labubu”
May domestic e-commerce data shows the first YoY dip since 2024, hinting IP momentum may be cooling.