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Pop Mart

Pop Mart
Pop Mart: A leading entity in the designer toy industry, Beijing-based Pop Mart specialises in collectible ’blind box’ toys and consumer goods. Primarily serving young adults, particularly Generation Z women, they are known for pioneering the "Pop Toy IP + Blind Box" model in China and achieving significant global expansion. Their business focuses on IP creation, retail through stores and Robo-shops, and fostering a collector community. However, the company faces criticism regarding the environmental impact of non-biodegradable materials and excessive packaging.
Investors have welcomed Pop Mart’s move. Photo: Xinhua
Hong Kong stock market

Labubu maker Pop Mart surges after buy-back in show of confidence

Repurchase signals management’s confidence and healthy balance sheet, analysts say, though stock remains 40 per cent below last year’s peak.

Hong Kong stock market

Hong Kong stocks cap longest slide in 2 months on China slowdown

Labubu

Explainer | What is mystery shopping, made popular by Labubu?

Hong Kong stock market

Hong Kong stocks climb as yuan strengthens and investors broaden focus beyond US

Hang Seng Index advances as investors shift focus, boosting Asian equities, with pharmaceutical and healthcare shares leading gainers.

The yuan hit its highest level since May 2023. Photo: Bloomberg
Hong Kong stock market

Hong Kong stocks hit 7-week high as investors diversify into Chinese tech names

Investors also boost wagers that Beijing will ramp up policy support to prop up economic growth in 2026.

Hong Kong stock market

Hong Kong stocks jump into 2026 with biggest surge since May

Investors expect Beijing’s ‘policy pivot’ to continue, with a focus on demand-side stimulus and stabilising the housing market, analyst says.

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Artificial intelligence

China-founded Tripo AI updates 3D content platform as users more than double

‘This shows that we’re on the right track,’ founder and CEO Simon Song Yachen says.

Tripo AI’s flagship platform, Tripo Studio 1.0, generates 3D content from text or images in seconds. Photo: Handout
Consumers

From Shein to Labubu, French shoppers are buying Chinese for Christmas

This year’s wave of popularity for Chinese brands has not waned in France’s capital, with Shein’s store packed and Labubu dolls dotting trees.

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Hong Kong stock market

SMIC, Pop Mart lead Hong Kong stocks higher before Christmas trading break

Hong Kong’s market will close early on Wednesday and remain shut on December 25 and 26.

Retailing

Chinese toymaker Pop Mart targets wider audience with magazine, grow IP

The magazine, which is available for US$5.7 online and at select offline locations, features Michelle Yeoh on the cover.

Pop Mart, the maker of Labubu toys, is valued at US$33.3 billion. Photo: Reuters
Hong Kong stock market

Hong Kong stocks tread water as tech giants stumble on AI bubble jitters

Hang Seng Tech Index slides after US equities slump, while investors await inflation report.

The Hang Seng Index falls 0.3 per cent in early trading on Thursday. Photo: Jelly Tse
Art

Labubu’s growth from books to viral doll craze shown in Hong Kong exhibition

A touring exhibition celebrating Lung Ka-sing’s The Monsters, which birthed the popular Labubu, has come to Hong Kong.

Lessons from China's history

Reflections | Ancient China’s Labubu-like doll craze also saw fans splurge silly money

Mohele dolls featured expensive ‘special editions’, saw designer collaborations and even inspired cosplay, much like Labubus today.

Hong Kong stock market

Hong Kong stocks end flat as traders await policy signals from China conference

Investors look to CEWC for growth target, property sector stabilisation and measures to boost domestic demand.

The Hang Seng Index edges down less than 0.1 per cent on Thursday. Photo: Jelly Tse
China trade

Explainer | As China’s companies become industry leaders, where in the world are they going?

Across numerous sectors, China’s firms are setting up shop worldwide – and gaining ground on their well-entrenched competitors.

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Vehicles are seen loaded on a cargo ship for export at Wuhu Port, Anhui province. Photo: Getty Images
Hong Kong stock market

Hong Kong stocks’ gains slow amid signs of China slowdown

Rebound may carry on after some consolidation, as investors eye Beijing policy support towards the end of the year, analyst says.

Hong Kong stock market

Innovent, first Chinese firm to market weight-loss drug, joins Hang Seng Index

Hong Kong benchmark expands membership to 89 after the inclusion of Innovent Biologics.

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United States

Pop Mart’s Labubu balloons to debut at Macy’s Thanksgiving Parade in New York

A brown Labubu and a pink Mokoko will appear alongside characters such as Skullpanda, Dimoo and Molly on the toymaker’s Pop City float.

A Thanksgiving Day float featuring Pop Mart’s Labubu, right, and Mokoko are displayed during a press preview of the new floats at Macy’s Parade Studio in Moonachie, New Jersey, on Tuesday. Photo: AP
Hong Kong stock market

Hong Kong stocks fall for fourth day on AI valuations, uncertain Fed policy path

Wall Street sell-off hits Magnificent Seven, while chances of a December Fed rate cut fall below 50 per cent.

Labubu

Is the bubble surrounding Pop Mart’s Labubu about to burst?

Labubu dolls have been all the rage, but experts project that the trend may be on the verge of collapse – like the Beanie Babies before them.

Hong Kong stock market

Hong Kong stocks fall as US data delay, Fed policy uncertainty hit sentiment

The US government will release nonfarm payrolls for September on Thursday, the first data since the 43-day shutdown.

Pedestrians walk in front of an electronic sign board showing Hong Kong stock market data. Photo: AFP
Hong Kong stock market

Hong Kong stocks rise as China’s consumer prices boost investor confidence

China’s consumer price index rose 0.2 per cent year on year last month, the most since January, according to official data.

China’s first increase in consumer prices since January helped boost Hong Kong stock prices. Photo: Jelly Tse
China property

How China’s ‘emotional spending’ trend is transforming shopping malls

Pop Mart takes over prime spots once reserved for high-end luxury brands as retail landlords scramble to adjust to changing consumer habits.

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Hong Kong stock market

Hong Kong stocks fall for a second day as AI bubble fears hit Wall Street

Losses mirror Wall Street after Palantir Technologies tumbled 8 per cent despite beating revenue estimates.

China’s private sector

Labubu maker Pop Mart pushes into Middle East with first Qatar store

The Chinese toymaker expects overseas revenue to surpass domestic sales by the end of this year.

Pop Mart’s first store in the Middle East is at Hamad International Airport in Doha, capital of Qatar. Photo: Handout
Labubu

As I see it | How Labubu and friends can be more than a flash in the pan

While some have already written off the company behind the viral collectible, all is not lost for Pop Mart if it can go beyond ‘blind box’ retailing.

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People pose with their Labubu dolls during a Labubu-themed rave at a nightclub in Los Angeles, California, on August 30. Photo: EPA
Hong Kong stock market

Hong Kong stocks advance as investors look for signs of easing global tensions

Traders watch closely if ‘scheduled’ talks between Xi and Trump next week could help stabilise markets rattled by geopolitical risks.

Australia

Man charged with stealing 43 Labubu dolls during Melbourne burglary spree

The highly valued limited-edition figures were allegedly stolen during a months-long crime spree at a shopping centre in central Melbourne.

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