Overview

• Customs officials confiscated 318 Labubu toys at Changsha airport and 94 at Hefei from travellers suspected of evading duties
• Under China’s Customs Law, undeclared goods intended for resale that exceed 50,000 yuan in evaded taxes can trigger criminal charges up to life imprisonment
• Limited-edition ‘hidden’ Labubu figures, originally priced at 99 yuan, now trade for over 2,600 yuan on Chinese resale platforms
• Pop Mart paused all in-store and Roboshop sales of its ‘The Monsters’ plush toys in the UK after crowd surges and brawls erupted during restocks
• The collectible’s blind-box model and celebrity endorsements helped drive Pop Mart’s overseas revenue up 475% in Q1 2024