NUMBER OF THE DAY
That’s how much Pop Mart’s Q3 revenue in the Americas grew year-on-year.
🪆 Doll Boom: The toy maker behind Labubu saw global revenue surge +250% YoY in the third quarter, fueled by Labubu fans across the Americas (USA, Canada, Mexico, Brazil, and Chile), where sales jumped +1270% compared to Q3/2024.
🌎 Cult Character: Labubu has achieved worldwide cult status through social-media hype and pop-up stores. Pop stars like Rihanna now carry the plush figures on their handbags, amplifying the craze.
👉 Watch: The numbers highlight a new kind of China-hype. While platforms like TikTok, Temu, and Shein, as well as Chinese electronics, dominate the West digitally, Labubu marks the first physical product to reach true cult status.
The China Survival Guide for Western Businesses
Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.
