Pop Mart has posted stunning interim results for the first half of 2025, riding on the explosive popularity of its breakout character Labubu.
In a quiet but unmistakable wave, Labubu - the mischievous, wide-grinned character from Hong Kong-based toy studio Pop Mart - is carving out a niche for itself in the American cultural imagination.
A human-sized Labubu toy has sold for over $150,000 at a Beijing auction, setting a new record as the blind box collectible craze shifts into the realm of high-end art.
Labubu, a quirky plush toy by Hong Kong artist Kasing Lung and Pop Mart, has become a global sensation. Fueled by celebrity fans and social media, it drives Pop Mart’s international growth—turning from a niche collectible into a cultural and business phenomenon worldwide.
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