Recently, the creator of the labu van has entered the 10 richest people in China. After the popularity of toys, a man’s situation increased significantly. But not everything is so smooth. Now we understand why the company is subjected to losses.
RBC reported that Pop March, the toys labubu’s manufacturer, fell more than 8%in two days. Due to such a sharp drop, the company lost four billion dollars. All this stems from the criticism of the business model of the Chinese newspaper. The creator was accused of “uninformed consumer approach”.
All this stems from the box where the figure is sold. Ignorance hidden inside encourages collectors to continue to spend money to find rare examples. “These products are business traps to use unpredictable rewards to promote repeated purchases of their purpose, Peop says People’s Daily refers to the words of lawyers and scientists. The probability of finding a rare toy is less than 2%.
Smalls are particularly affected by tendencies. The vulnerability and lack of self -control can lead to unconscious and large costs. China calls to tighten the regulation of such practices to protect children.
Meanwhile, recently sold Labubu (more than 11.7 million rubles – with human growth – Approximately. Ed.). In the auction, 47 rare labs were exhibited, where more than 200 buyers fought.
Source: People Talk
Mary Crossley is an author at “The Fashion Vibes”. She is a seasoned journalist who is dedicated to delivering the latest news to her readers. With a keen sense of what’s important, Mary covers a wide range of topics, from politics to lifestyle and everything in between.
