Pop Mart’s Global Phenomenon: The Rise of Labubu and the Designer Toy Market
Pop Mart’s Global Phenomenon: The Rise of Labubu and the Designer Toy Market Pop Mart, a Chinese designer toy brand, has experienced meteoric growth, transforming from a Beijing boutique to a global powerhouse in the designer toy market. This success is largely attributed to its innovative blind box model and the captivating appeal of its original characters, particularly Labubu, a whimsical “ugly-cute” creature that has captured the hearts of collectors worldwide. Founded in 2010 by Wang Ning, Pop Mart initially…