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…
About 130 family office decision-makers and affluent second-generation members from across the world attended a dinner held by the Hong Kong government on Monday evening, including billionaire Pop Mart founder, chairman and CEO Wang Ning. The dinner set the stage for the fourth edition of the Wealth for Good in Hong Kong (WGHK) Summit, themed…
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…
A woman poses for a photo in front of a 7-meter-tall sculpture of the iconic character Molly at China Hong Kong City on Fec 2, 2026. (ANDY CHONG / CHINA DAILY) A 7-meter-tall sculpture of the iconic character Molly was unveiled at China Hong Kong City in Tsim Sha Tsui on Monday. The installation marks…
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…
Cider x Peach Riot Collection POP MART Fandom and fashion are colliding like never before, and no brand has harnessed this intersection of interests quite like POP MART. If you’ve heard of a Labubu (which, who hasn’t at this point?), then you’re familiar with POP MART, the popular store focused on designer toys and IP…
Call them China’s Sputnik moments: DeepSeek. BYD and Xiaomi cars. A robot Olympics in Beijing. Huawei’s resurgence. And Labubu. Labubu did its job. The little gremlin doll made it clear that a brand being from China is no longer shorthand for cheap. Pop Mart has built trust to such an extent that company management is…
A booming market for miniature clothing has become the latest growth driver in China’s “doll economy” – fuelled by Gen Z’s passion for the toys and the emotional comfort they provide. “Loving ball-jointed dolls is as natural as breathing,” said 21-year-old Clementine Cai from Zhejiang. Two years after falling in love with the toys, she…
Competition for plush toys is heating up, with British monster-like characters, Fugglers, emerging from the shadows following the recent runaway success of Labubu, a collectible doll created by a Hong Kong designer. Fugglers, which recently appeared on the popular Chinese social media platform RedNote, stretch the “ugly-cute” moniker to the extremes. They are threatening to…