Overview

• Created by artist Kasing Lung in 2015, Labubu collectibles surged this year after celebrity endorsements from stars like Lisa, Rihanna and David Beckham.
• Pop Mart’s blind-box vending machines fuel speculative buying and long lines by keeping specific characters unpredictable.
• Online pre-orders for Labubu blind boxes hit record volumes this month, driving a shift toward digital sales.
• Rental platforms have begun offering Labubu dolls for short-term hire to address ongoing store shortages.
• Premium resale prices and counterfeit ‘Lafufus’ have complicated authenticity checks and spurred state media criticism that trimmed Pop Mart shares.