No.189806
A major part of Pop Mart's sales were so-called blind boxes - where customers only found out what they had bought when they opened the package - for some years when they tied up with Kasing Lung for the rights to Labubu.
That was 2019, nearly a decade after entrepreneur Wang Ning opened Pop Mart as a variety store, similar to a pound shop, in Beijing. When the blind boxes became a success, Pop Mart launched the first series in 2016, selling Molly dolls - child-like figurines created by Hong Kong artist Kenny Wong.
But it was the Labubu sales that fuelled Pop Mart's growth and in December 2020, it began selling shares on the Hong Kong Stock Exchange. Those shares have soared by more than 500% in the last year.
Pop Mart itself has now become a major retailer. It operates more than 2,000 vending machines, or "roboshops", around the world. And you can now buy Labubu dolls in stores, physical or virtual, in more than 30 countries, from the US and UK to Australia and Singapore, although many of them have recently paused sales due to overwhelming demand. Sales from outside mainland China contributed to nearly 40% of its total revenue in 2024.
In a sign of just how popular Labubus have become, Chinese customs officials said this week that they had seized more than 70,000 fake dolls in recent days.
No.189826
>>189824is that not how theyre all made tho
No.189839
neurotypical fumos
No.189844
This is no different when boomers tell me about the beany babies how they were a fad back in the 90s
No.189845
Everyday I pray to God I can make a low value product like labubu that normies would latch on to and give me their monies
No.189900
status item for weebs: >:(
status item for middle aged women: :o
No.189936
>>189900>Status item for weebsThats just goon figurines and fumos
No.189937
record videos of flushing labubus in toilet