Pop Mart aren’t just selling toys, they're curating a full-blown global style phenomenon. And at the centre of it all is one mischievous, toothy superstar: Labubu.
The “ugly-cute” creature from Hong Kong artist and illustrator Kasing Lung’s The Monsters series has transcended the toy shelf to become a bona fide fashion accessory, spotted dangling from handbags, backpacks, and now, thanks to Pop Mart’s latest move, clipped to your phone.
Yes, the cult favourite just went mini, and it is now available. Along with a new long-fur version.
In fact, Pop Mart's new mini Labubu dolls sold out instantly across China's online channels on launch day, August 28, 2025, following a surge in demand for the popular blind-box toy. This rapid sell-out included both standard and premium versions.
For sure, if you’ve been anywhere near Instagram, you’ve probably seen Labubu’s wide-eyed grin peeking out from a celebrity bag. Rihanna has one. So too, Dua Lipa. And Cardi B and David Beckham. And many, many others.
Originally a playful handbag charm, Labubu has already achieved sold-out status worldwide, with collectors hunting down rare editions like they’re Hermès Birkins. The mini phone version? Consider it the micro-bag trend’s quirky little cousin.
Pop Mart’s rise reads like a masterclass in building cult appeal. Their revenue more than doubled in 2024 to 13.04 billion yuan (RM7.7 billion), thanks in part to their elvish monster. In fact, revenue from Pop Mart’s plush toys soared more than 1,200% in 2024, nearly 22% of their overall revenue, according to the company’s annual report.
Earlier last week, Pop Mart reported that their profit attributable to shareholders skyrocketed almost 400% for the first six months of the year. Revenue jumped more than 200% to 13.88 billion yuan (RM8.17 billion). Revenue for the Asia Pacific region surged more than 250%, while revenue for the Americas soared more than 1,000%.
It's more than just toy-market success, it's also fashion-world clout.
It is attested that the secret is the blind-box culture. When you buy a mystery pack without knowing which character you will get, a thrill that fuels collecting, trading, and, let’s be honest, a little obsession. It’s the same psychology that drives sneaker drops or luxury drops or luxury capsule collections: scarcity, surprise, and status.
But Pop Mart are not content to stop there! They’re plotting rapid store openings in the US, eyeing emerging markets in the Middle East, Central Europe, and Latin America, and even hinting at a Disney-esque future, think animated films and theme park attractions.
And if all of these sound ambitious, remember: this all started with a 6-inch grinning monster in a box.
Labubu is no longer just a toy. It’s a conversation starter, a cultural badge, a tiny piece of joy you can carry with you. And in a world where fashion is as much about storytelling as it is about style, Pop Mart’s pint-sized icon proves that sometimes the biggest statement comes in the smallest (and toothiest) package.