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Pop Mart, Miniso Stock Prices Plunge Following Chinese State Media Comments

Dec 29, 2020
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(Source: Miniso)
Leading toymakers Pop Mart and Miniso stock prices plummeted after state-run media Xinhua commented that regulators should further steer the blind boxes industry away from unbalanced development.

A Xinhua article pointed out that, despite the surprises that come in the moment of unboxing, the frenzy of blind boxes breeds addiction and …

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