Pop Mart’s market capitalisation has surpassed that of Mattel and Hasbro combined on back of hot-selling collectible

The dolls have almost tripled their maker's profits - and, according to some, energised Chinese soft power.

Pop Mart’s market capitalisation has surpassed that of Mattel and Hasbro combined on back of hot-selling collectible

Pop Mart, the Chinese toy company behind the recent Labubu craze, saw its shares fall this week after Morgan Stanley removed the stock from a focus list.

People’s Daily criticized selling “blind boxes,” a practice where chains sell mystery boxes that contain an unknown item from a larger collection.