These highly sought-after toys are sold in 'blind boxes', where the specific design is a mystery, leading to a booming secondary market for rare editions.
Labubus have gained viral popularity, partly due to endorsements from celebrities such as K-pop star Lisa, Rihanna, and Dua Lipa, who have showcased them as accessories.
The global success of Labubu has significantly boosted Pop Mart's shares and prompted plans for brand expansion into animation, theme parks, and other merchandise.