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News

Pop Mart, China and Labubu

Reuters on MSN · 14h
China's Pop Mart, maker of the Labubu doll, says profit soars nearly 400% in first half
China's Pop Mart , which has taken the world by storm with its ugly-cute Labubu doll, reported a nearly 400% first-half net profit on Tuesday on high demand for the toys and a shift towards higher-margin overseas markets.
Inc.com · 8h
Labubu Sales Drive a Nearly 400 Percent Net Profit for Owner Pop Mart
The Chinese company Pop Mart is officially more valuable than industry giants Mattel and Sanrio, thanks to the popularity of Labubu dolls.
New York Post on MSN · 7h
China’s Pop Mart sees profit soar 400% as Labubu dolls fly off shelves around the world
Explosive demand for its Labubu dolls in overseas markets has driven the growth, since the toys sell for higher prices and generate bigger margins in regions like North America.
3hon MSN

Labubu set to become billion-dollar business as sales surpass Barbie, Hot Wheels

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 ...
4hon MSN

Fake Labubu dolls may be dangerous, CPSC warns

The U.S. Consumer Product and Safety Commission (CPSC) has issued an urgent warning regarding the potential dangers associated with knock-off Labubu dolls.

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