5 d. ago China slammed 'blind box' addiction — but that shouldn't faze Labubu

China slammed 'blind box' addiction — but that shouldn't faze Labubu-maker Pop Mart  CNBC

Politics

7 d. ago Labubu’s rise reflects hitmaker ability of China’s digital ecosystem

The global frenzy around China’s Labubu, the candy-coloured monster character with the mischievous smile adorning bags, desks, streets and social feeds worldwide, is often hailed as a triumph of Chinese soft power. But Labubu’s success reveals something deeper: the unmatched sophistication of China’s integrated platform economy. Pop Mart, Labubu’s retailer, started with a small shop in Beijing in 2010 but has leveraged China’s unique digital ecosystem in recent years to build a global...

Events

7 d. ago Lafufu? Australian consumer watchdog warns of fake Labubu toys online

The soaring global popularity of Labubu has prompted Australia to sound a warning over knock-off monster toys flooding online platforms as scammers try to exploit the collectibles frenzy fuelled by social media and celebrity endorsements. The pointy-eared, sharp-toothed dolls – designed by Hong Kong artist Lung Ka-sing and sold by Beijing-based Pop Mart – have attained cult status, commanding eye-popping prices and sparking in-store chaos as fans from Sydney to Singapore and London line up for...

Events

9 d. ago By toy or tea, some China retailers still see US as path to profit

On a recent Sunday afternoon in lower Manhattan, a small shop inside the Oculus, a soaring curvilinear mall at the World Trade Center, stands out for the bustling crowd thronging its space. “We’re out of stock,” more than one employee can be heard telling customers. This is not one of New York’s many top-brand boutiques but Pop Mart, a Chinese designer toy brand that has become a sensation in the United States. Its signature “blind box”, containing collectable figurines revealed only when the...

Politics

9 d. ago China Fund Beats 97% of Peers by Buying Pop Mart, Dumping Moutai

China Fund Beats 97% of Peers by Buying Pop Mart, Dumping Moutai  Mint

Politics

2 w. ago In pictures: inside Pop Land, Pop Mart’s theme park in Beijing

In pictures: inside Pop Land, Pop Mart’s theme park in Beijing  South China Morning Post

Politics

2 w. ago Move over Labubu – Fugglers look to take crown from Hong Kong

Competition for plush toys is heating up, with British monster-like characters, Fugglers, emerging from the shadows following the recent runaway success of Labubu, a collectible doll created by a Hong Kong designer. Fugglers, which recently appeared on the popular Chinese social media platform RedNote, stretch the “ugly-cute” moniker to the extremes. They are threatening to steal the limelight from Labubu, designed by Hong Kong-born Lung Ka-sing and manufactured by Beijing-based Pop Mart. Labubu...

Politics

2 w. ago World’s most valuable toymaker loses glow in People’s Daily warning

The world’s most valuable toymaker is losing some of its appeal after the mouthpiece newspaper of the Communist Party of China poured cold water on its business model and warned against the addictiveness of its wildly popular collectibles. Pop Mart International Group’s shares plunged as much as 6.6 per cent on Friday in Hong Kong after the People’s Daily newspaper ran a commentary that railed against the “wilful consumerism” of so-called blind boxes. The stock has fallen 11 per cent in two...

Events

2 w. ago Pop Mart Shares Slump After Beijing Called For Stricter Guidelines On ’Mystery Boxes’

Pop Mart Shares Slump After Beijing Called For Stricter Guidelines On ’Mystery Boxes’  BusinessToday Malaysia

Politics

3 w. ago New Pop Mart accessories shop in Beijing sees items flying off shelves

New Pop Mart accessories shop in Beijing sees items flying off shelves  The Standard (HK)

Politics

3 w. ago Pop Mart’s jewellery store “POPOP” inaugurates first Beijing outlet

Pop Mart’s jewellery store “POPOP” inaugurates first Beijing outlet  Dimsum Daily

Politics

3 w. ago Gen Z’s ‘emotional consumption’ fuels surge in consumer stocks like Pop Mart

Stock investors are capitalising on the spending power of China’s Generation Z consumers, who splurge on everything from gold jewellery to low-priced drinks, delivering multifold returns on so-called new consumer stocks. The ascent of Pop Mart International Group, Mixue Group and Laopu Gold is one of the few bright spots in China’s sluggish consumer industry, which has been plagued by a weak jobs market and the deflationary trend. The robust performance has come at the cost of traditional...

Politics

3 w. ago China’s viral Labubu toy has an unlikely fan – the ruling Communist Party

As Chinese companies ponder how best to market their products internationally, the example set by Pop Mart – the Beijing-based brand behind the viral Labubu toy – has been praised by the country’s state media for the creativity that underlies its success. The wide-mouthed, bug-eyed toy’s global fan base is evidence of a shift in priorities for China as it transforms from a producer of low-value goods to a hub of innovation, Qiushi, the Communist Party’s top theoretical journal, said in a...

Politics

4 w. ago Labubu becomes bait for China’s Ping An Bank to lure young customers

Hoping the world’s trendiest monster will scare up some new customers, China’s Ping An Bank is rewarding those who open new accounts with a Pop Mart Lababu doll amid fierce competition for young customers among Chinese retail banks. New clients who open a savings account and deposit more than 50,000 yuan (US$6,954) for at least three months could receive a blind box from the first or second series of the Chinese toy retailer’s popular collectibles, according to media reports. Customers who also...

Economics