Apple CEO Tim Cook is in Shanghai, China to celebrate the upcoming launch of the iPhone Air in the country, and during his visit, he met with Pop Mart CEO Wang Ning and The Monsters creator Kasing Lung. On Chinese social network Weibo, Cook said that Lung demonstrated how he sketches his characters on his iPad Pro with an Apple …
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The day after I failed to secure a Labubu from Pop Mart’s original store, I decide to console myself with a visit to Pop Land, the company’s 10-acre theme park in central Beijing—and perhaps the clearest sign that it intends to come for Disney’s lunch. (“Our art toys are like Disney’s movies,” Wang says in A Company One of a …
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Just weeks ago, Pop Mart founder Wang Ning was riding high with a net worth of $27 billion, richer than Silicon Valley’s Peter Thiel, thanks to a rabbit-eared plush called Labubu. The “ugly-cute” doll has been flaunted by celebrities from David Beckham to Blackpink’s Lisa, pushing resale prices to dizzying heights. But once the “cool hunters” move on, Wall Street …
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Labubu dolls on display at a Pop Mart International Group Ltd. store in Shanghai, China. Raul Ariano/Bloomberg Wang Ning, the founder of Chinese toy maker Pop Mart International Group, has seen his net worth plummet by almost $6 billion in less than a month – as the latest edition of the company’s Labubu series of dolls seems to be losing …
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A shipment of fake Labubu dolls that would be worth more than half a million dollars if the items were genuine was intercepted last week at Seattle’s airport, authorities said. U.S. Customs and Border Protection officers assigned to inspect air cargo at Seattle-Tacoma International Airport seized 11,134 dolls with a suggested retail price value of $513,937.76, a CBP spokesperson said …
Read More »From Labubu to Luckin Coffee, Chinese retail chains are betting big that American consumers can revive the growth they’re losing at home — and relying on cultural relevance and competitive pricing to make it happen. A Business Insider analysis of top Chinese brands shows how they’re expanding their empires by opening brick-and-mortar stores beyond their borders. Some of these brands …
Read More »Hint of Mini Labubu Launch Sends Pop Mart Stock Soaring 12% The New York Times Pop Mart sees revenue hitting over $4 bln this year, to launch mini Labubus Reuters Pop Mart shares reverse course to rise 10% after Labubu-maker posts near-400% profit surge CNBC Labubus Are on Track to Be a Billion-Dollar Business This Year WIRED Labubu maker’s profits soar by nearly 400% …
Read More »China’s Pop Mart, maker of the Labubu doll, says profit soars nearly 400% in first half Reuters Pop Mart shares reverse course to rise 10% after Labubu-maker posts near-400% profit surge CNBC Labubus Are on Track to Be a Billion-Dollar Business This Year WIRED Pop Mart CEO says Labubu-maker’s revenue could hit over $4 bln this year Reuters Labubu frenzy sends Pop Mart profits …
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Demand for Labubu bag charms skyrockets What’s a Labubu? The tiny toy turning into a big fashion statement 01:53 Labubu dolls are so popular that they’ve inspired knockoffs — dubbed Lafufus, for fake Labubus — that can endanger kids, according to federal regulators The Consumer Product Safety Commission (CPSC) on Monday issued an “urgent safety warning” that said the phony …
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