Overview

• Pop Mart expects H1 profit to climb at least 350% and revenue by more than 200% year-on-year, driven by global demand for Labubu blind-box dolls.
• Hong Kong-listed shares fell over 6% on Wednesday after investors weighed the ambitious earnings forecast.
• A second Pop Mart store is slated to open in San Francisco’s Union Square in late Q3, marking a further U.S. retail expansion.
• Snopes and Pop Mart have refuted online rumors linking Labubu dolls to the Mesopotamian demon Pazuzu, despite some owners burning figures in panic.
• The company has introduced QR-code tracking and UV-seal authentication to combat a surge in counterfeit 'Lafufu' knock-offs.