Overview

• Pop Mart’s blind-box and limited-edition releases continue to sell out instantly, fueling a year-on-year Q1 revenue surge of around 165–170%.
• Pop Mart opened its first German store in Berlin this July, drawing long queues as European shoppers embrace Labubu as a fashion accessory.
• Customs officials across China have intercepted growing shipments of “Lafufus,” low-quality knockoffs proliferating in informal markets.
• Ultra-rare Labubu editions keep commanding high bids in secondary markets, with a 1.3-meter figure fetching about $139,000 at a Beijing auction.
• Collectors are advised to verify authenticity by inspecting official packaging, fur quality, eye alignment and tooth count before purchasing.