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Pop Mart, China and Labubu

Reuters on MSN · 18h

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.

New York Post on MSN · 11h

China’s Pop Mart sees profit soar 400% as Labubu dolls fly off shelves around the world

Explosive demand for its Labubu dolls in overseas markets has driven the growth, since the toys sell for higher prices and generate bigger margins in regions like North America.

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.

9h

Pop Mart’s interim sales soar as Labubu craze fuels Chinese toymaker’s record earnings

Revenue outside mainland China jumped to US$778 million in the first six months, making up about 40 per cent of total sales.

3h

Fake Labubu dolls pose risk of choking, death for children: officials

If you're on the hunt for a Labubu doll for your child, be on the lookout for fakes - they come with an urgent warning!

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