Overview

• Pop Mart restarted online sales this month after pausing in-store Labubu sales in the UK due to safety concerns.
• A new distribution system is being rolled out to ensure fair access and strengthen authenticity checks against counterfeit “Lafufu” toys.
• Rare Labubu editions continue to command prices in the thousands of dollars on secondary markets as global demand stays high.
• The surge in Labubu’s popularity has tripled Pop Mart’s Hong Kong share price this year and made founder Wang Ning China’s youngest billionaire.
• Qiushi, the Communist Party’s top theoretical journal, praised Labubu’s global success as evidence of China’s shift toward innovation and creative industries.