Overview

• Wang Ning confirmed that mini Labubu figures designed as phone charms will reach the market this week.
• Pop Mart’s Hong Kong-listed stock climbed about 12–13% to a record close near 319.8 HKD, valuing the company at roughly $54.3 billion.
• First-half results showed revenues up 204.4% to $1.93 billion and earnings nearly quadrupled, with sales in the Americas jumping 1,142%.
• The company plans to expand its U.S. footprint from 40 to 50 stores this year and expects to surpass 200 overseas locations by year-end.
• Demand is amplified by blind-box unboxings and celebrity use, while imitation “Lafufu” toys have drawn U.S. safety warnings over choking and breakage risks.