Pop Mart's new mini Labubu dolls sold out swiftly in China, driving the company's stock up 262% this year.

Pop Mart's new mini Labubu dolls, released on August 28, sold out instantly across China through various online platforms. Standing 10.5 centimeters tall and priced at 79 yuan each, these colorful vinyl dolls have sparked significant demand, contributing to Pop Mart's shares rallying 262% this year. The company also offers a larger version and a pendant, with the US price for the mini doll at $22.99. Pop Mart's success stems from its blind-box model, enhancing the buying experience.