Chinese toymaker Pop Mart reported strong annual growth in revenue and net profit for 2025, but not enough to alleviate investor fears that the company remains too reliant on the Labubu phenomenon. Annual revenue jumped 184.7 per cent from a year earlier to 37.12 billion yuan (US$5.4 billion), while net profit surged 284.5 per cent…
HONG KONG — Local politician Regina Ip emerged as a dark horse of this year’s ComplexCon Hong Kong as her meet-and-greet on Saturday afternoon sent hundreds of fans screaming and cheering, rivaling headliners, including the fair’s artistic director Kasing Lung, the creator of Labubu and The Monsters series, and Blackpink member Jennie Kim, who capped…
Popular doll Labubu and Blackpink’s Jennie were among the headline names and brands from the city and abroad that drew thousands of fans to Hong Kong’s third edition of pop culture festival ComplexCon on Saturday. Organisers said this year’s edition had broken attendance records and would draw tens of thousands across the two-day event at…
At Pop Mart’s shop in Hong Kong’s bustling Causeway Bay shopping district, a display of the toymaker’s newly launched character, Merodi, drew little attention on Friday morning. “A few people are buying it,” a salesperson said. “It’s not very well known yet.” The new series, Merodi After School, features a mischievous little girl with the…
Hong Kong’s Lunar New Year parade next month is expected to attract 100,000 people, with global toy sensation Labubu and the city’s storied wishing tree being featured on floats in the procession. The Hong Kong Tourism Board, which organises the event, said that eight “distinctive” floats would be displayed at the Kai Tak Sports Park…
Shares of Labubu maker Pop Mart surged on Friday, extending this week’s gain to 23 per cent, after its CEO appeared in a high-profile state media interview and a newly launched product went viral amid growing investor appetite for consumer stocks. In a documentary interview released by Xinhua news agency at noon, founder and CEO…
Shares of Chinese toymaker Pop Mart rallied nearly 10 per cent on Tuesday morning after the company announced its first share buy-back in nearly two years, following a decline from last year’s peak. Pop Mart’s Hong Kong-listed shares rose to HK$198.70 as investors welcomed the move. The stock remains below last year’s closing level of…
Each considered an era-defining icon in their own right, four of the world’s most recognisable cartoon characters will be assembling, Avengers-style, against Hong Kong’s iconic skyline from October 25 to November 1. Organised by Hong Kong-based creative agency AllRightsReserved, the Water Parade at Victoria Harbour brings together colossal, floating, inflatable sculptures of timeless Japanese robot…
The art market downturn continued to play out at Christie’s, Phillips and Sotheby’s regional headquarters in Hong Kong this past weekend, with the turnover from back-to-back art auctions loitering at an eight-year low. But a handful of records and some last-minute withdrawals – which improved the success ratio of the sales – helped inject long-missing…
The number of Japanese travellers to Hong Kong jumped more than 32 per cent for the first half of this year compared with the same period in 2024, an encouraging sign of recovery for tourism authorities in the Chinese city seeking to draw more visitors from the Land of the Rising Sun. Between January and…