Labubu craze to drive up profit 350%, China's Pop Mart says
The company is best known for selling toys in "blind boxes" - a type of packaging that hides its contents until it is opened.Launched in 2019, Labubu dolls have helped the company become a major retailer, operating more than 2,000 vending machines and stores around the world.Pop Mart began selling its shares on the Hong Kong Stock Exchange in 2020. The company's stock market valuation has jumped by almost 600% in the last year.Sales from outside mainland China contributed to nearly 40% of its total revenue in 2024.Many shops around the world had to pause sales of Labubu dolls due to overwhelming demand.
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Geeky Gadgets
27 minutes ago
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Source & Image Credit: SaranByte Filed Under: Apple, Apple iPhone, Technology News, Top News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
The Guardian
28 minutes ago
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Reuters
28 minutes ago
- Reuters
China urges Canada to drop steel import curbs and threatens countermeasures
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