Labubu craze: Pop Mart profits up 350% ; collaborations with global brands boost reach

Pop Mart anticipates a profit surge exceeding 350 per cent in the first half of the year, fuelled by the global sensation of its Labubu dolls. The company's revenue has tripled, driven by international demand and strategic cost management. The viral Labubu dolls have sparked a thriving resale market and collaborations with major brands, significantly boosting Pop Mart's global presence.

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