Latest news with #PopMartInternationalGroupLtd
Bloomberg
26-03-2025
- Business
- Bloomberg
Pop Mart Profit More Than Doubles Driven by Labubu-Doll Craze
Pop Mart International Group Ltd. said it will continue to expand its global footprint with focus on North America and Europe, after reporting its profit more than doubled last year thanks to the popularity of its patented products. 'By developing physical stores in globally iconic locations, we aim to enhance brand experience and recognition,' according to an exchange filing. It will also look at strengthening cooperation with artists and brands to promote the 'cross-boundary integration of pop culture,' the maker of Labubu dolls said.
Bloomberg
27-01-2025
- Entertainment
- Bloomberg
Labubu Beats China's Panda Diplomacy Anytime
This Lunar New Year, a much sought-after gift has been a plush Labubu, an elf-like character with pointy ears and nine serrated teeth made by China's Pop Mart International Group Ltd. With a mischievous smile on her face, Labubu is taking Southeast Asia by storm. The craze took off last April, when Blackpink's superstar Lisa shared her collection on Instagram. In Thailand, where the singer was born, a Labubu-themed store earned more than 10 million yuan ($1.4 million) on its opening day in July, while comments on the character and its maker have exploded on TikTok.
