Tag Archives: Tulip Mania

Labubu and PopMart’s US$13 billion crash

From Tulips to Beanie Babies to Labubu: The anatomy of a crash.

The rise of Labubu and PopMart In 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 …

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