Brief by Shorts91 Newsdesk / 07:44pm on 20 Aug 2025,Wednesday Business
Chinese toy maker Pop Mart, creator of the “ugly-cute” Labubu dolls, has reported a nearly 400% jump in profits in the first half of 2025. Net profit rose to 4.6bn yuan (£474m) as global demand surged, with sales reaching 13.9bn yuan. Labubu, part of The Monsters series, is loved by stars like David Beckham, Rihanna, and Paris Hilton. Shares in Pop Mart have climbed over 230% this year, making it more valuable than Mattel, Sanrio, and Hasbro combined. The company now plans rapid global expansion, including more US stores, while warning buyers against unsafe fake Labubu dolls. (PC: Reuters)
