Pop Mart shares surged nearly 200% in 2025, driven by strong demand for Labubu dolls. The company's net income rose 188% to 3.1 billion yuan in 2024, with sales exceeding analyst estimates.

A human-sized Labubu doll fetched a whopping 1.08 million yuan ($150,000) at an auction in Beijing, in a testament to the popularity of the collectible toy flaunted by celebrities.