🔫 Pop Mart's slip-ups during rapid expansion, and 12 other consumer market updates | Following the Yuan

Brands mentioned: JD.com, Tmall, INS Land, Starbucks, Pop Mart, Mardi, ADERERROR, Anta, Rapha, Crispi, Li-Ning, Didi, Douyin

Hi everyone,

Hope you are having a productive month before the holidays!

I was in Hong Kong last week for a short trip — I went on a panel with Bernstein, did a sharing with Technological and Higher Education Institute, caught up with some of you, with AI Proem’s Grace Shao, at the Foreign Correspondents Club (special shoutout to Allen Lee who flew in from Tokyo) and cras…