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flag The Labubu doll’s popularity drove Pop Mart to $1.78B in 2024 revenue, fueled by blind boxes and collectible demand.

flag The Labubu doll, known for its quirky grin, has become a global phenomenon among Gen Z and Millennial adults, driving Pop Mart to $1.78 billion in 2024 revenue—a 106.9% year-on-year increase—thanks to its blind box format and collectible appeal. flag More than a toy, it's seen as a fashion statement, investment, and status symbol, with rare editions selling for tens of thousands. flag Customization through affordable accessories, especially from platforms like Temu, fuels the trend, while limited official releases and resale markets like eBay and Facebook Marketplace meet high demand. flag With the Australian collectibles market projected to grow 8.6% annually through 2030 and blind box toys at 7.7%, the craze shows no signs of slowing.

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