Ping An Bank offered Labubu collectibles for new depositors who could park in 50,000 yuan ($6,960) for three months.
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A Chinese bank was ordered to stop its practice of enticing new customers by offering them free Labubu dolls.
Retail banks on the mainland struggle to attract young customers amid low deposit rates and customer declines, analysts say.
People’s Daily criticized selling “blind boxes,” a practice where chains sell mystery boxes that contain an unknown item from a…
CEO Wang Ning says even he’s been unable to accurately predict earnings growth amid a global collecting frenzy for Labubu dolls.
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Labubu becomes bait for China’s Ping An Bank to lure young customers
