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The "blind box first share" was fined $200,000 for false propaganda, and the market value of the listing has evaporated by more than HK$80 billion in a year

via:AI财经社     time:2021/12/7 15:02:42     readed:246

On December 7th, Tianyi Check App showed that Beijing Bubble Maat Cultural Creative Co., Ltd. recently added an administrative penalty information, because of its false propaganda of goods by the Beijing Chaoyang District Market Supervision Bureau fined 200,000 yuan.

The punishment is for the parties to sell the commodity "SKULLPANDA Xiong Xiong Xiong Xiong Crayon series trend socks personality stocking blind box" declared "fabric: cotton 97% spandex 3%", law enforcement officials verified that the actual fabric content of the commodity did not meet its publicity standards.

Previously, bubble mat 299 fu bag suspected of false propaganda has created a collective complaint, multiple complaints that Fuku bag at least 10 products, but received only 9, received the hand is not bubble mart brand.

In December 2020, BubbleMatter was caught up in the "secondary sales" storm, with consumers buying blind box products at Jinan Bubble Mart stores found to be unsealed, after which the company conducted an investigation and fired five employees involved.

As the "blind box first stock", bubble matt in addition to poor quality control, excessive marketing, false publicity and other issues, since the listing, bubble matt seems to be less favored by the capital markets, the stock price has been ups and downs. As of the time of writing, Bubble Marte was down 2.551 per cent at HK$47.8 per share, with a market capitalisation of HK$67.01 billion, down more than HK$80 billion from its peak of HK$150 billion. (|AI Finance News Agency Tianyu)

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