Labubu's parent company's stock is down after China issued a warning on a lucrative sales strategy

Pop Mart's stock slid after China's state media cautioned on blind boxes.

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• Pop Mart saw its stock price drop more than 5% after China issued a warning on blind boxes.
• Chinese state-run news outlet People's Daily wrote about children getting addicted to the mystery boxes.
• Pop Mart's stock is still up about 500% in the past year.

Labubu's parent company, Pop Mart, saw its stock price slide after China issued a warning on the addictive nature of blind boxes.