They are winning customers at home and abroad
Catch up on global daily news
Dive into compelling long reads
Tune into captivating conversations
Watch engaging short films
Gain insights from experts
Shares in Labubu-owner Pop Mart sink after state media warns against 'blind boxes'
Labubu: How the Pop Mart dolls conquered the world
Labubu: the tiny elf doll driving China’s most valuable toy company
Hype um Labubu-Puppen: China warnt Hersteller und der Aktienkurs sinkt drastisch
Pop Mart, maker of the wildly popular toys, wants to be China’s Disney
People’s Daily criticized selling “blind boxes,” a practice where chains sell mystery boxes that contain an unknown item from a…
The Chinese-made dolls, a playful global megahit, give Beijing an opportunity to make inroads into deep US distrust.
The dolls have almost tripled their maker's profits - and, according to some, energised Chinese soft power.
Some owners compare the dolls, including the hit Labubu, to children – driving a splurge in spending.
Pop Mart’s market capitalisation has surpassed that of Mattel and Hasbro combined on back of hot-selling collectible
