A Chinese retailer, Pop Mart, saw its stock rise by over 12 percent after announcing a mini version of its highly sought-after Labubu dolls will be released this week. The toothy elves have gained worldwide popularity, with sales jumping 1,142 percent in the Americas and 258 percent in Asia outside China. The company’s revenue increased by more than 200 percent when measured in Chinese renminbi, with Labubus accounting for over a third of its total revenue. Pop Mart plans to open about three new stores per week, expecting to top 60 stores in the United States by year-end.
Source: https://www.nytimes.com/2025/08/20/business/mini-labubu-pop-mart-earnings-stock.html