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Labubu
From surpassing Jack Ma to losing $6B: How Popmart billionaire Wang Ning’s fortune skyrockets and then plunges with the Labubu hype

From surpassing Jack Ma to losing $6B: How Popmart billionaire Wang Ning’s fortune skyrockets and then plunges with the Labubu hype

The craze for Popmart’s hit toy Labubu propelled billionaire founder Wang Ning’s net worth past that of tech icon Jack Ma, but signs that the hype is fading are now eroding his fortune.
Chinese boy destroys $56,000 ceiling, chandelier after Labubu toy refusal

Chinese boy destroys $56,000 ceiling, chandelier after Labubu toy refusal

Morgan Stanley favors Labubu toymaker Pop Mart shares despite recent plunge

Morgan Stanley favors Labubu toymaker Pop Mart shares despite recent plunge

Chinese toy maker Pop Mart sues 7-Eleven in US for selling fake Labubu dolls

Chinese toy maker Pop Mart sues 7-Eleven in US for selling fake Labubu dolls

Chinese toy maker Pop Mart International has sued several 7-Eleven store operators in the U.S. for allegedly selling counterfeit versions of its iconic Labubu plush toy and violating its trademarks.
July 24, 2025 | 06:58 pm PT
Labubu plush toy maker Pop Mart expects 350% spike in profit

Labubu plush toy maker Pop Mart expects 350% spike in profit

Pop Mart International Group, the Chinese toymaker behind the global plush monster lineup Labubu, expects its first-half profit to surge 350% year-on-year thanks to growing demand.
July 15, 2025 | 08:50 pm PT
From small China store to $40B toy empire: How Pop Mart rose to global fame with Labubu dolls

From small China store to $40B toy empire: How Pop Mart rose to global fame with Labubu dolls

Started in 2010 by then-23-year-old entrepreneur Wang Ning as a small shop selling toys in China, Pop Mart has grown into a giant with a market cap of US$40 billion thanks to the popularity of its Labubu character.
June 24, 2025 | 03:26 pm PT
Toy maker Pop Mart’s founder Wang Ning now China’s 10th richest billionaire on Labubu craze

Toy maker Pop Mart’s founder Wang Ning now China’s 10th richest billionaire on Labubu craze

Wang Ning, founder of Pop Mart, has become China’s 10th richest man as the toy maker’s Labubu dolls take the world by storm, boosting his net worth to US$22.7 billion.
June 13, 2025 | 12:57 am PT
Vietnamese spend big on limited art toy Labubu

Vietnamese spend big on limited art toy Labubu

Vietnamese collectors spent at least VND5 billion ($200,000) purchasing the fluffy Labubu monsters in the second quarter this year as the limited Chinese toy rises in popularity.
August 9, 2024 | 04:17 pm PT
 
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