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New Business

Mini Labubus are coming after your mobile phone, as Pop Mart aims to double 2025 sales

Pop Mart said it would be able to easily double this year’s revenue from its 2024 record sales, as it…

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New Business

Is Labubu the next Hello Kitty? Analysts debate the limits for China’s Pop Mart

Pop Mart, the company behind the hit collectible character Labubu, was virtually unknown outside mainland China before 2024, but now…

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New Business

From toys to trading cards, China’s ‘goods economy’ fills emotional voids, opens wallets

Zhu Zuoyi generally keeps her daily expenses tightly in check and spends less than 20 yuan (US$2.74) on most meals,…

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New Business

Chinese toymaker Pop Mart’s 370% surge fuelled by blind box collectibles

In a Vanity Fair video last month, Lisa, a member of mega K-pop band Blackpink, shared her obsession with toys…

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