POP MART shares fall
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Irish Examiner on MSNFrom blind boxes to theme parks: Labubu-maker Pop Mart sets sights on Disney-like empire
Pop Mart CEO Wang Ning said the company, which reported a nearly 400% surge in half-year net profit driven by booming overseas demand for its Labubu dolls, is on track to hit 20 billion yuan revenue i
Lafufus are counterfeit versions of Labubus that have proliferated in the wake of the original's popularity, with everyone from street vendors to Facebook sellers either selling them outright as fakes or attempting to pass them off as originals in order to profit off the scarcity of the original.
Asian shares retreated on Wednesday, tracking a decline on Wall Street led by technology shares including Nvidia and other stars that have been riding the mania surrounding
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In a financial report released Aug. 19, Pop Mart said it has seen a net profit of 396% and a 204% jump in revenues due to Labubus.
Pop Mart, the Chinese company behind the Labubu franchise, has sold $670 million worth of related products this year—more than iconic US toy lines Barbie and Hot Wheels.
Pop Mart coming to Mall A shop called Pop Mart is headed soon to the Natick Mall, and for collectors of Labbubu dolls are […]