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Pop Mart's Labubu blind-box dolls generate $700 million in annual sales. Creator Wang Ning partnered with Pop Mart in 2019 and is now the 10th richest person in China. Rare pieces sell for six figures on the resale market.
Pop Mart's Labubu blind-box dolls generate $700 million in annual sales. Creator Wang Ning partnered with Pop Mart in 2019 and is now the 10th richest person in China. Rare pieces sell for six figures on the resale market.
This is a Labubu. Oh my gosh, what's the deal with these things? Basically the most viral toy in the world. The stock of this company is up like 7x in a year. Chinese company, right? Chinese company called Pop Mart. These things sell for thousands of dollars. The top ones can sell for six figures. There's a guy who's an artist around 2015, designs these dolls. 2019, he partners with this company Pop Mart. You buy the box, but you don't know what's inside, similar to like Pokémon card packs. These Labubus did like $700 million last year. This sounds like a good stock to short. This is the photo that created the craze. Can I say something? I kind of get it. That looks pretty cool. The maker, this guy Wang Ning, he is now the 10th richest man in China. He's really young. Like, look at this picture of him. Yeah, but Chinese guys always look really young until they don't. Until they don't.
