China's Pop Mart-Loving Gen Z Fuels Big Gains for Investors
The country's younger generation of shoppers is on a spree of what analysts call emotional consumption, defying a wider malaise in China's economy. Revenues at Gen Z favorites such as toymaker Pop Mart International Group, jewelery firm Laopu Gold Co. and drinks chain Mixue Group have soared, fueling breakneck moves in their stock prices.
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