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South China Morning Post
3 days ago
- Business
- South China Morning Post
Who's got the next Labubu? Hong Kong creators eye a slice of ‘goods economy' pie
As an avid collector of modern and contemporary art, Hong Kong fintech millionaire Kenneth's latest splurge is a whimsical luxury watch with a HK$2 million (US$242,000) price tag. Advertisement The limited edition timepiece by Swiss watchmaker Audemars Piguet features Companion, the toy character with a skull, crossbones and gloves by American Brian Donnelly, better known as Kaws. The artist and designer first turned his Companion character into toys in 1999, selling out immediately. It is now one of the most valuable intellectual property (IP) products globally. Kenneth's love for Kaws has seen him spending more than HK$3.2 million on about 40 toys over the years, including two 1.2-metre (four-foot) Companion figures, a dozen smaller figurines and his most recent acquisition, the watch. Only 250 Kaws watches were made. Kenneth's superfan status landed him an invitation to the launch party in Switzerland last November. Advertisement His other favourite artist in the IP 'goods economy' is Hong Kong sculptor Michael Lau Kin-man, who started making figurines in the 1990s with elements of street culture and is often regarded as the 'godfather' of designer toys in the city. 'They aren't just creating objects, they're telling bold stories and challenging the norm,' he said. Kenneth, who is in his forties and asked to be identified by his first name only, started his online payment business in the late 1990s.


CNN
23-05-2025
- Business
- CNN
This is the world's thinnest tourbillon watch. It's yours for $678,000
This is the world's thinnest tourbillon watch. It's yours for $678,000 CNN's Anna Stewart sees up close just how less really is more when it comes to the world's thinnest tourbillon watch. Weighing 43 grams and one of only 10 in the world, Bvlgari's Octo Finissimo Ultra squeezes the intricate mechanisms of a high-end tourbillon watch into a timepiece 1.85mm thick. 01:27 - Source: CNN Vertical Top News 16 videos This is the world's thinnest tourbillon watch. It's yours for $678,000 CNN's Anna Stewart sees up close just how less really is more when it comes to the world's thinnest tourbillon watch. Weighing 43 grams and one of only 10 in the world, Bvlgari's Octo Finissimo Ultra squeezes the intricate mechanisms of a high-end tourbillon watch into a timepiece 1.85mm thick. 01:27 - Source: CNN Body language expert offers her advice on how to approach Trump In the wake of the White House's Oval Office ambush of South African President Cyril Ramaphosa, body language expert Susan Constantine tells CNN's Max Foster that being an active listener is key for any future leader's meeting with President Donald Trump. 01:36 - Source: CNN New government report echoes RFK Jr beliefs around chronic disease First MAHA health report under Robert F. Kennedy Jr. sheds light on the Trump Administration's plans to overhaul government policy to "Make America Healthy Again." CNN's Meg Tirrell explains. 01:11 - Source: CNN Inside the GOP negotiations to pass Trump's agenda bill CNN's Manu Raju breaks down how President Trump and House Republican leadership managed to win the support of a key bloc of conservative hardliners to pass Trump's agenda bill, and looks ahead to the obstacles the bill may face in the Senate. 02:26 - Source: CNN Republican warns of increasing debt hours before Trump's bill passes House Republicans passed President Donald Trump's sweeping tax and spending cuts package early this morning. During a House floor debate in the early hours of Thursday morning, Rep. Thomas Massie (R-KY) strongly criticized the bill. The nonpartisan Congressional Budget Office estimates that Trump's bill will add $3.8 trillion to US debt. 00:49 - Source: CNN See moment House Republicans passed a major part of Trump's agenda House Republicans passed President Donald Trump's sweeping tax and spending cuts package, marking a stunning victory for both Johnson and Trump after the bill appeared doomed just days earlier 00:52 - Source: CNN Dem says Trump admin cuts in blue states are 'distasteful' The Trump administration has made cuts to funding for flood prevention projects in blue states, whereas new water construction opportunities have taken course in red states, according to a data analysis. CNN's Annie Grayer reports. 02:33 - Source: CNN Dior to pay $2M to help labor abuse victims Dior has agreed a number of remedies to settle an Italian competition authority investigation into whether the luxury brand and two of its units misled consumers with their statements about working conditions at its suppliers. CNN's Max Foster reports. 01:36 - Source: CNN See "Cheers" star George Wendt's most memorable moments Actor and comedian George Wendt, beloved for his performance as Norm Peterson on the long-running comedy series "Cheers" has died aged 76. Wendt's career spanned more than four decades, and included six consecutive Emmy nominations. CNN looks back at some of his best moments. 00:57 - Source: CNN Kermit the Frog's advice for 2025 graduates and what he learned from 'the school of life' The University of Maryland's 2025 commencement speaker Kermit the Frog shares his advice for graduates with CNN's Sara Sidner. 01:14 - Source: CNN Have federal cuts left U.S. unprepared for natural disasters? Sometime between tomorrow and 200 years from now, a 9.0 magnitude earthquake will rock the United States. Scientists say we're not ready for it. And with the federal employees who have left or been fired under the Trump administration, that's only getting worse. CNN's Ella Nilsen spoke to scientists and former federal workers about how these cuts leave the US unprepared for natural disasters. 02:03 - Source: CNN Climber rescued by helicopter after 30-foot fall in California A helicopter rescue crew hoisted a climber to safety after they fell roughly 30 feet while scaling Lily Rock in Idyllwild, California. The climber was left clinging to the cliffside with a limb injury. 00:49 - Source: CNN Columbia students chant, 'Free Mahmoud' at commencement Videos show Columbia University students booing the acting university president, Claire Shipman, during her commencement speech. Some students at the school have been on edge since Mahmoud Khalil was detained by ICE for participating in campus protests. 01:07 - Source: CNN Cassie Ventura's mom feared for daughter's safety with 'Diddy' Cassie Ventura's mother Regina Ventura took the stand at Sean 'Diddy' Combs' trial in New York, where Ventura testified about incidents she witnessed during her daughter's relationship with Combs that left her 'scared for my daughter's safety.' 02:57 - Source: CNN FDA tightens requirements for Covid-19 vaccine The FDA is changing how it approves Covid-19 vaccines, which may restrict updated shots to the elderly and people with underlying health conditions who are at higher risk for severe disease. 01:10 - Source: CNN