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$9992.HK: Pop Mart - The Labubu Bubble Is Bursting

Ticker: $9992.HK Sector: Consumer Cyclical - Collectibles

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Paradox Intelligence
Sep 10, 2025
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Company Description: Pop Mart International Group is a Chinese designer toy company that built a global empire around collectible "blind box" figurines. Founded in 2010 and based in Beijing, Pop Mart became synonymous with the viral Labubu character—a quirky, monster-like doll created by artist Kasing Lung. The company operates 570 retail stores, 1,870 …

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