Overview

• Pop Mart is actively exploring beauty partnerships to extend Labubu into cosmetics and lifestyle products.
• Pop Mart has introduced Skullpanda, a spiritual successor to Labubu, featuring skull-helmet designs and themed limited editions.
• NSW Fair Trading and other consumer watchdogs have warned of counterfeit “Lafufu” dolls, advising buyers to verify matte packaging and exactly nine pointed teeth.
• CEO Wang Ning’s net worth surged from ¥7.59 billion to over $22 billion between late 2024 and mid-2025, making him one of China’s youngest top-10 billionaires.
• Labubu’s blind-box format continues to drive global demand, fueling high-value auctions and celebrity unboxings.