Labubu and PopMart’s US$13 billion crash

The rise of Labubu and PopMartIn 2025, headlines across the financial and cultural press were dominated by one name: Labubu, the quirky rabbit-eared collectible figure that transformed PopMart from a niche toy company into a global powerhouse.Created by Thai artist Kasing Lung, Labubu was not originally meant to become a mainstream sensation. Its early life … Continue reading Labubu and PopMart’s US$13 billion crash