Hey trendsetters! Big cheers from the world of collectibles as Beijing-based toy maker Pop Mart surprises everyone with a forecasted net profit jump of over 350% for H1 2025, reaching around 4.5 billion yuan (about $620 million)! 🎉
The buzz is all about the global craze for Labubu dolls. In the U.S., June sales reportedly surged by an estimated 5,000% compared to last year, thanks to the dolls’ skyrocketing popularity. Pop Mart credits this phenomenal growth to stronger global brand recognition and smart cost controls.
This development is resonating worldwide, including among young, tech-savvy trends in South and Southeast Asia, where creative investments and pop culture merge to set off dynamic market movements. It’s a clear sign that when art meets business, the results are just as explosive as they look! 💥
Reference(s):
Pop Mart forecasts monster 350% profit surge from Labubu dolls boom
cgtn.com
