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News

Pop Mart, Labubu and Net Profit

Reuters on MSN · 14h
China's Pop Mart, maker of the Labubu doll, says profit soars nearly 400% in first half
China's Pop Mart , which has taken the world by storm with its ugly-cute Labubu doll, reported a nearly 400% first-half net profit on Tuesday on high demand for the toys and a shift towards higher-margin overseas markets.
Bloomberg on MSN · 2m
Pop Mart’s Labubu doll frenzy drives huge revenue and profit growth
Chinese plush toymaker Pop Mart International Group Ltd. reported robust revenue and profit growth, boosted by global demand for its hugely popular Labubu dolls.
Inc.com · 7h
Labubu Sales Drive a Nearly 400 Percent Net Profit for Owner Pop Mart
The Chinese company Pop Mart is officially more valuable than industry giants Mattel and Sanrio, thanks to the popularity of Labubu dolls.
2hon MSN

Labubu set to become billion-dollar business as sales surpass Barbie, Hot Wheels

In a financial report released Aug. 19, Pop Mart said it has seen a net profit of 396% and a 204% jump in revenues due to ...
3hon MSN

Fake Labubu dolls known as ‘Lafufus’ pose ‘serious risk of choking’ for young children, feds warn

These knockoff dolls and plush keychains can “break apart easily, releasing small pieces that can become choking hazards,” the Consumer Product Safety Commission said.

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