Latest news with #KasingLung
Time of India
a day ago
- Entertainment
- Time of India
Not drugs or gold, Chinese officials uncover cuddly Labubu toy smuggling
Chinese customs officers recently made an unusual discovery, finding dozens of Pop Mart's popular Labubu toys hidden in suitcases and being smuggled for resale. Far from drugs or weapons, these quirky and popular toys are now part of a growing illegal resale market. The plush characters, created by Hong Kong illustrator Kasing Lung, have become a hot trend not just in China but across the globe, thanks in part to celebrity endorsements from Rihanna, Dua Lipa, and Blackpink's Lisa. Some were even spotted at Paris Fashion Week. The toys' scarcity is fuelling desperation among fans. During a recent visit by CNN to a Pop Mart store in a busy Beijing mall, not a single Labubu was found on sale — only display models remained under lock and key. 'They're sold out in seconds,' said Evelyn Lin, a long-time fan. 'It's almost impossible to get a Labubu via the official channels.' That scarcity has pushed many into the arms of smugglers and resellers. According to a CNN tally of official notices, Chinese customs authorities have confiscated 462 Pop Mart toys since April. In one post, China's customs administration confirmed the toys were intended 'for profit by resale' and were seized in accordance with the law. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo However, it did not confirm if any legal charges had been filed against the individuals involved. Labubus, known for their bunny-shaped bodies and mischievous elf-like faces, with sharp pointy teeth, now retail for extremely high prices on second-hand platforms. One blind box from the latest Labubu 3.0 collection, initially priced at 584 yuan (£64), is reportedly reselling for between 1,000 and 2,000 yuan (£110–£220), according to Chinese state media. Pop Mart itself is thriving, as the company's latest financials show global gross profit more than doubled last year, and its revenue in mainland China surged to over $1.09 billion, a 34% increase from the year before. But with skyrocketing demand comes risk. Beijing resident Kate Yang, an avid collector, says she's been duped twice after purchasing what turned out to be fake Labubus online. 'Because they are not available on official platforms, if you're in a rush to get a gift for a friend, you just can't manage to get the popular ones in time,' Yang explained. 'You can only pay extra to buy from resale platforms.' As Pop Mart's most famous creature continues to charm fans around the world, the lengths people are willing to go to get their hands on one may be the most surreal chapter yet in Labubu's wild rise.
Yahoo
a day ago
- Business
- Yahoo
These toys are so hot that Chinese customs agents have seized hundreds of them in recent weeks
Unveiling their latest seizure in front of news cameras last month, two Chinese customs agents revealed not drugs or weapons – but suitcases full of plush toys. The stash on display included dozens of Pop Mart Labubus - the toothy, fluffy figurines that have sparked buying frenzies around the world, and in some cases, brawls among fans outside shops selling them. Even in China, where Pop Mart is based and most of its toys are made, people are struggling to get their hands on Labubus. When CNN recently visited a Pop Mart store at a bustling shopping mall in downtown Beijing, Labubu dolls were nowhere to be found on shelves, with only display samples remaining in glass cabinets. Labubus are typically 'sold out in seconds' when released, longtime Pop Mart fan Evelyn Lin told CNN. 'It's almost impossible to get a Labubu via the official channels,' she said. Fans are instead turning to unusual sources - including buying from smugglers. A total of 462 Pop Mart toys have been confiscated by customs authorities across China since April, according to a CNN compilation of multiple official posts. Details and footage of one seizure were posted by China's Customs Administration on social media, which stated that that the toys were intended 'for profit by resale' and seized in accordance with law. The post did not say whether any of the Labubu smugglers faced other legal consequences. Labubu is the brainchild of Hong Kong-born illustrator Kasing Lung, and it has quietly built a loyal following since its 2015 debut. But in recent months, the bunny-bodied, elf-faced creature — equal parts grotesque and adorable — has soared in popularity. Stars including Rihanna, Dua Lipa, and Lisa from K-pop group Blackpink have worn Labubus like lucky charms, and the toys were even spotted at Paris Fashion Week this year. According to Chinese state-owned media outlet Cover News, a blind box from the latest Labubu 3.0 series, originally priced at 584 yuan ($81), has been selling for between 1,000 ($139) and 2,000 yuan ($278) on the second-hand market. Pop Mart's annual results show that the company's global gross profit surged by over 125% last year, while its revenue in mainland China reached more than $1.09 billion, 34% higher than 2023. But buying from resellers carries risks. Kate Yang, a Beijing resident and Labubu enthusiast, told CNN that her two last purchases from resellers both turned out to be fakes. 'Because they are not available on official platforms, if you're in a rush to get a gift for a friend, you just can't manage to get the popular ones in time,' said Yang. 'You can only pay extra to buy from resale platforms.' CNN's Marc Stewart and Martha Zhou contributed reporting
Yahoo
2 days ago
- Business
- Yahoo
These toys are so hot that Chinese customs agents have seized hundreds of them in recent weeks
Unveiling their latest seizure in front of news cameras last month, two Chinese customs agents revealed not drugs or weapons – but suitcases full of plush toys. The stash on display included dozens of Pop Mart Labubus - the toothy, fluffy figurines that have sparked buying frenzies around the world, and in some cases, brawls among fans outside shops selling them. Even in China, where Pop Mart is based and most of its toys are made, people are struggling to get their hands on Labubus. When CNN recently visited a Pop Mart store at a bustling shopping mall in downtown Beijing, Labubu dolls were nowhere to be found on shelves, with only display samples remaining in glass cabinets. Labubus are typically 'sold out in seconds' when released, longtime Pop Mart fan Evelyn Lin told CNN. 'It's almost impossible to get a Labubu via the official channels,' she said. Fans are instead turning to unusual sources - including buying from smugglers. A total of 462 Pop Mart toys have been confiscated by customs authorities across China since April, according to a CNN compilation of multiple official posts. Details and footage of one seizure were posted by China's Customs Administration on social media, which stated that that the toys were intended 'for profit by resale' and seized in accordance with law. The post did not say whether any of the Labubu smugglers faced other legal consequences. Labubu is the brainchild of Hong Kong-born illustrator Kasing Lung, and it has quietly built a loyal following since its 2015 debut. But in recent months, the bunny-bodied, elf-faced creature — equal parts grotesque and adorable — has soared in popularity. Stars including Rihanna, Dua Lipa, and Lisa from K-pop group Blackpink have worn Labubus like lucky charms, and the toys were even spotted at Paris Fashion Week this year. According to Chinese state-owned media outlet Cover News, a blind box from the latest Labubu 3.0 series, originally priced at 584 yuan ($81), has been selling for between 1,000 ($139) and 2,000 yuan ($278) on the second-hand market. Pop Mart's annual results show that the company's global gross profit surged by over 125% last year, while its revenue in mainland China reached more than $1.09 billion, 34% higher than 2023. But buying from resellers carries risks. Kate Yang, a Beijing resident and Labubu enthusiast, told CNN that her two last purchases from resellers both turned out to be fakes. 'Because they are not available on official platforms, if you're in a rush to get a gift for a friend, you just can't manage to get the popular ones in time,' said Yang. 'You can only pay extra to buy from resale platforms.' CNN's Marc Stewart and Martha Zhou contributed reporting
CNN
2 days ago
- Business
- CNN
These toys are so hot that Chinese customs agents have seized hundreds of them in recent weeks
Unveiling their latest seizure in front of news cameras last month, two Chinese customs agents revealed not drugs or weapons – but suitcases full of plush toys. The stash on display included dozens of Pop Mart Labubus - the toothy, fluffy figurines that have sparked buying frenzies around the world, and in some cases, brawls among fans outside shops selling them. Even in China, where Pop Mart is based and most of its toys are made, people are struggling to get their hands on Labubus. When CNN recently visited a Pop Mart store at a bustling shopping mall in downtown Beijing, Labubu dolls were nowhere to be found on shelves, with only display samples remaining in glass cabinets. Labubus are typically 'sold out in seconds' when released, longtime Pop Mart fan Evelyn Lin told CNN. 'It's almost impossible to get a Labubu via the official channels,' she said. Fans are instead turning to unusual sources - including buying from smugglers. A total of 462 Pop Mart toys have been confiscated by customs authorities across China since April, according to a CNN compilation of multiple official posts. Details and footage of one seizure were posted by China's Customs Administration on social media, which stated that that the toys were intended 'for profit by resale' and seized in accordance with law. The post did not say whether any of the Labubu smugglers faced other legal consequences. Labubu is the brainchild of Hong Kong-born illustrator Kasing Lung, and it has quietly built a loyal following since its 2015 debut. But in recent months, the bunny-bodied, elf-faced creature — equal parts grotesque and adorable — has soared in popularity. Stars including Rihanna, Dua Lipa, and Lisa from K-pop group Blackpink have worn Labubus like lucky charms, and the toys were even spotted at Paris Fashion Week this year. According to Chinese state-owned media outlet Cover News, a blind box from the latest Labubu 3.0 series, originally priced at 584 yuan ($81), has been selling for between 1,000 ($139) and 2,000 yuan ($278) on the second-hand market. Pop Mart's annual results show that the company's global gross profit surged by over 125% last year, while its revenue in mainland China reached more than $1.09 billion, 34% higher than 2023. But buying from resellers carries risks. Kate Yang, a Beijing resident and Labubu enthusiast, told CNN that her two last purchases from resellers both turned out to be fakes. 'Because they are not available on official platforms, if you're in a rush to get a gift for a friend, you just can't manage to get the popular ones in time,' said Yang. 'You can only pay extra to buy from resale platforms.' CNN's Marc Stewart and Martha Zhou contributed reporting
Indian Express
2 days ago
- Entertainment
- Indian Express
$1.6 billion in a day: How Labubu dolls made this CEO a global sensation overnight
What do bunny ears, blind boxes, and celebrity handbags have in common? Apparently, a $1.6 billion boost to a CEO's net worth. Wang Ning, the 38-year-old founder and CEO of Pop Mart International Group, saw his fortune leap by a staggering $1.6 billion in a single day—all thanks to the runaway success of Labubu, the shaggy, mischievous figurine taking the world by storm. Labubu, dreamed up by Hong Kong-born artist Kasing Lung, originated in the 2015 picture book The Monsters and was once a niche designer toy. That changed after Lung teamed up with Pop Mart in 2019, launching Labubu into global toy superstardom. With its bunny ears and gremlin-meets-Teletubby vibe, the doll has become a cultural phenomenon. A major driver of Labubu's success is Pop Mart's use of 'blind boxes'—sealed packages that don't reveal which character is inside. This gamble has proven addictive for collectors. In 2024 alone, Labubu accounted for roughly $400 million in revenue. The craze has had its wild moments. In the UK, store launches sparked chaos and even scuffles, prompting Pop Mart to suspend in-store sales of Labubu across its 16 locations. The company plans to resume in June but continues to sell the dolls online. Social media and celebrity culture have only supercharged Labubu's appeal. Rihanna, Dua Lipa, and Blackpink's Lisa have been seen toting the dolls, often clipped to luxury bags. On TikTok, the #Labubu hashtag has exploded with over 1.4 million posts, feeding the frenzy. LISA is recognized by Vogue Italia and Teen Vogue as the driving force behind the worldwide surge in popularity of Labubu plush, highlighting her pivotal role in setting the global trend. — Pop Core (@TheePopCore) May 26, 2025 This success has propelled Pop Mart's app to the top of the US shopping charts and massively boosted investor confidence. According to Forbes, Wang Ning's real-time net worth as of April 2025 is $18.7 billion. Born in Henan province in 1987, Wang graduated from Zhengzhou University in 2009 and founded Pop Mart the following year. What started as a small collectibles business is now a global toy empire—with bunny ears leading the charge.
