Just weeks ago, Pop Mart founder Wang Ning was riding high with a net worth of $27 billion, richer than Silicon Valley’s Peter Thiel, thanks to a rabbit-eared plush called Labubu. The “ugly-cute” doll has been flaunted by celebrities from David Beckham to Blackpink’s Lisa, pushing resale prices to dizzying heights. But once the “cool hunters” move on, Wall Street …
Read More »Once richer than Peter Thiel, Pop Mart’s Wang Ning sees $6 billion vanish with Labubu hype
