Blokees stock halved post-IPO, unable to replicate POP MART valuation logic

Blokees stock surged over 40% on debut but later fell over 60% from its peak. The article compares Blokees' heavy reliance on licensed IPs like Transformers with POP MART's model centered on owned IPs like MOLLY and LABUBU, arguing the 'middle-aged POP MART' label cannot sustain valuation. AI-generated

Why it matters：Analyzes why the 'middle-aged POP MART' label failed on the secondary market by comparing business models.

Source：虎嗅网 · Read the original ↗

Story：Blokees stock plummets after IPO