Lobobo doll at the Pop Mart International Group Limited Store in Shanghai, China.
Raul Erieno/Bloomberg
Wang Ning, the founder of the Chinese toy maker Pop Mart International Group, has seen his net worth about $ 6 billion in less than a month – because it seems that the company's lobobo series doll's latest edition is losing some traction in China.
According to the 38 -year -old chairman and CEO, the total value of $ 21.6 billion, which is largely based on the company's shares. Forbes The estimates, as large as the amount is, is significantly lower than the young Mogol's $ 27.5 billion in late August. At present, hopefulness on the growing popularity of Libobo once made Wang more rich than China's famous tycoons, including Alibaba Cofonder Jack MA. According to the list of real -time billionaires, now, he is the 14th richest person in the country, while MA is seventh.
The changes in the ranks came to light when the shares listed by Pop Mart's Hong Kong's shares declined by more than 20 % after the launch of the Libo 4.0 series on August 28. Retailers for each 79 yuan ($ 11), including 28 plush toys of rabbits that come in small sizes and different colors. Mini Libbus is still being sold in a premium through Chinese e -commerce platforms, including Davo, where traders recover products from toys to limited edition luxury handbags they have stored before.
According to Dave, the price of the latest lobbus transactions has dropped by 14.3 % to 150 yuan, followed by its product after the August release. Low prices in China's online paso markets have caused investors to worry about the demand for Libbus and the product growth approach, says Kenny NG, a Hong Kong -based security -based security strategy in Ever Bright Securities International.
He says JP Morgan Chase & Company's stock has been declared neutral on Monday. The Investment Bank cited reasons, including a decrease in popular popularity of pop Mart products. The company's shares ended by 9.4 %, 6.4 % less days ended.
“During the growing uncertainty, investors first chose to sell and take a profit,” says the NG.
A pop Mart spokesperson attributed the rise in lobobo prices due to the rise in prices of lobobo sales. The spokesperson wrote in a statement: “The company has increased the supply of products to make our fans and consumers' needs. Forbes. “The fact is that the product was significantly more accessible and a number of individuals successfully purchased is a relevant factor.”
Head of the Head of Research of Research based in Singapore in DZT Research, Yan, but stocks can be under pressure for a long time. They have predicted adjustment to share prices over the next six months, as more investors can choose to take profit.
Despite the recent defect, pop Mart is more than 180 % to date. Jeff Zhang, an analyst based in Hong Kong at the research firm Morning Star, says via email that the company's growth may decrease in 2026 this year, partially due to the high base effect this year. Billion Patti Wang predicted in August that the pop Mart could “easily” reach 30 billion yuan this year, after which it reported the first half results, including a global frenzy on Libo, including about 400 400 percent increase.
