Pop Mart's Labubu Character Faces Declining Exclusivity

Labubu propelled Pop Mart to the top. It might be its undoing.

Labubu might be losing its shine. VCG/VCG via Getty Images Labubu's virality propelled Pop Mart to fame last year, with dolls selling out moments after launch. Now, Labubu's shine is fading as collectors and analysts warn of a loss of exclusivity with the toy. Social media interest around Labubus has dropped, and Pop Mart's stock price has taken a hit. Kinly McCaffrey, a content creator from Texas, has collected about 30 Labubus, including the plush dolls and vinyl figurines, since the Pop ...