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flag Pop Mart’s Labubu character drove a 204% revenue surge in 2025, propelling the company past major toy giants.

flag Pop Mart, China’s top art toy maker, is leveraging Disney-style long-term IP strategies to sustain the global success of its Labubu character, which drove a 204% revenue surge in 2025 and boosted the company’s market value beyond Hasbro, Mattel, and Sanrio combined. flag The company is expanding Labubu’s brand through content, collaborations, theme parks like Popland in Beijing, and immersive retail experiences, aiming to build five to 10 enduring intellectual properties. flag While Labubu’s popularity has made it the first Chinese collectible to achieve widespread emotional appeal, nearly 35% of first-half revenue came from the Monsters series, raising concerns about overreliance. flag Despite growing competition from players like 52 Toys and Miniso, Pop Mart’s stock has soared nearly 400% in the past year, reflecting strong investor confidence in its shift from product-focused sales to integrated entertainment.

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