泡泡玛特老板身家四个月暴跌113亿美元

蓝洞新消费2025-12-25

据vnexpress报道，玩具制造商泡泡玛特国际集团董事长兼首席执行官王宁的净资产在四个月内暴跌了113亿美元，原因是人们对该公司长期业绩的担忧。据美国《福布斯》杂志报道，这位 38 岁的富豪目前的财富为 162 亿美元，比 8 月份下降了 41%，当时他的财富甚至超过了电子商务巨头阿里巴巴的联合创始人马云。在此期间，香港上市的Pop Mart的股价暴跌40%，至约200港元（25.7美元）。据...

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岁的富豪目前的财富为 162 亿美元，比 8 月份下降了 41%，当时他的财富甚至超过了电子商务巨头阿里巴巴的联合创始人马云。在此期间，香港上市的Pop Mart的股价暴跌40%，至约200港元（25.7美元）。据...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251225093543a6cc6210&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1481107354.HKD","symbol_name":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251225093543a6cc6210&s=b","article_id":"2594285012","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251225093543a6cc6210&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, 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months","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09992":1.96,"PMRTY":1.96},"content_text":"据vnexpress报道，玩具制造商泡泡玛特国际集团董事长兼首席执行官王宁的净资产在四个月内暴跌了113亿美元，原因是人们对该公司长期业绩的担忧。据美国《福布斯》杂志报道，这位 38 岁的富豪目前的财富为 162 亿美元，比 8 月份下降了 41%，当时他的财富甚至超过了电子商务巨头阿里巴巴的联合创始人马云。在此期间，香港上市的Pop Mart的股价暴跌40%，至约200港元（25.7美元）。据晨星公司驻香港的股票分析师张杰表示，未来一年Pop Mart可能会面临重大挑战，因为其收入增长预计将放缓至30%左右，而2025年预计增长200%。尽管今年基数较高是一个因素，但张也指出，随着Labubu价格在二级市场下跌，大中华区需求疲软和海外增长放缓也是造成这一现象的原因。自 8 月下旬发布以来，中国二手交易平台得物上最新款 Labubu 4.0 系列的交易价格已下降约 30%，至每台约 115 元人民币（16.3 美元）。这些数据表明增速放缓，与Pop Mart高管此前的预测相反。王宁曾预测，Pop Mart在今年上半年营收同比增长三倍至139亿元人民币后，到2025年销售额轻松达到300亿元人民币。市场研究公司 China Skinny 驻上海的董事总经理 Mark Tanner 表示，Pop Mart 的增长速度放缓的一个原因是其战略。他说，该公司一直在增加供应，力求成为像迪士尼一样的娱乐品牌，而不是依靠稀缺性营销。Labubu 娃娃曾受到蕾哈娜、金·卡戴珊和韩国流行组合 Blackpink 的 Lisa 等名人的追捧，一度在全球各地的商店外引起长队，一些购物者甚至为了抢购限量版而大打出手。“我的感觉是，Pop Mart 有意变得越来越容易买到，以扩大规模。”Tanner 说。根据德意志银行本月早些时候发布的一份研究报告，该公司目前每月生产 5000 万个玩偶，高于今年早些时候的 1000 万个。该报告还指出出现了时尚疲劳的迹象，因为消费者不再急于购买更容易买到的拉布布 (Labubus) 产品。“这可以从大多数海外门店客流量下降和排队现象减少得到证实，只有新开的门店或特定城市的门店除外。”Morningstar 的张表示，传闻已久的与索尼的电影合作将是扩大 Labubu 全球影响力的自然之举。他还补充说，Pop Mart 可能会借鉴迪士尼和三丽鸥等老牌同行的成功经验，将业务多元化拓展到其他领域，包括娱乐和媒体相关产品。（蓝洞新消费编译）相关报道：泡泡玛特推出杂志《游乐场》：定价39.9元蓝洞新消费声明：我们致力于分享海外科技公司动态与中国出海公司发展，仅提供更多信息参考，相关内容均不代表自身观点和立场。欢迎关注蓝洞新消费。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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