Overview

• Record auctions have seen rare Labubu dolls and sculptures sell for over $150,000.
• Pop Mart’s stock has climbed 170% this year, boosting founder Wang Ning’s net worth to $18.7 billion.
• Blind-box marketing and celebrity sightings from Rihanna to David Beckham maintain intense collector demand.
• Knock-off “Lafufu” replicas have flooded the market, complicating purchases with low-quality counterfeits.
• Pop Mart now operates in over 20 countries with at least 37 U.S. stores and is staging pop-up events like a Houston Labubu showcase this summer.