Everything about POP MART: releases, IPs and collaborations, business and retail.
Summaries are AI-generated
Created by artist Kasing Lung in 2015, LABUBU went viral in 2023 through keychain blind boxes, driven by celebrities like Rihanna and Blackpink's Lisa. In 2024, POP MART's revenue exceeded 13 billion yuan, with blind box toy revenue up over 1200%, with adult consumers as the main force.
Kayou Limited updated its IPO prospectus, reporting 2024 revenue of 10.059 billion yuan and adjusted net profit of 4.466 billion yuan, up 378.16% year-on-year. The company holds a 71.1% market share in China's trading card sector with a 67.3% gross margin, ranking second only to MINISO and POP MART in scale.
Kayou filed for IPO, with revenue rising from 4.13 billion yuan to 10.057 billion yuan and net profit reaching 4.466 billion yuan from 2022 to 2024. Trading card business accounts for over 80% of revenue with a gross margin of about 67%.
Morgan Stanley raised POP MART's target price by 20% to 135 yuan, citing new customer growth from plush bag charms. The report notes POP MART plans to increase US store count to over 40 by 2025.
POP MART Japan announced that its flagship IP LABUBU was selected as the Next Break Product in the Yahoo! Search Award 2024. LABUBU, a character from the THE MONSTERS series, has gained global buzz through influencer posts on social media. The award is based on search data from January 1 to October 1 2024, showing a significant rise in its search volume compared with the previous year.
POP MART Japan will host a booth at Tokyo Comic Con 2024 from December 6‑8 at Makuhari Messe, featuring a range of exclusive items. Highlights include an Albus Dumbledore figure voiced by Jude Law, a MOLLY × DC Joker blind box, Japan‑first releases of Peach Riot figures and the DIMOO HUNTER PLUS blind box. Purchasers at the booth receive a limited‑edition DIMOO original bag plus a blind box while supplies last.
POP MART Japan announced the integration of AnyReach’s ‘AnyGift’ e‑gift service into its online shop. The service lets customers send a gift link via LINE or email without needing the recipient’s address, covering popular blind‑box items such as THE MONSTERS FALL IN WILD plush pendants and the CRYBABY × Powerpuff Girls series. This aims to lower gifting barriers, improve the buying experience and potentially boost sales.
POP MART opened its first Japan store, POP MART Harajuku, in Tokyo’s Harajuku district on July 16, 2022. The shop showcases around 200 items, including the MOLLY × INSTINCTOY Erosion Molly Costume, the SKULLPANDA Ancient Castle series that once sold out in seconds in China, and offers Japan‑exclusive limited models and interactive experiences. It also features a POP BEAN fill‑your‑own station, limited‑time gifts, and operates daily from 11:00 to 20:00, drawing crowds of designer‑toy fans.
After its IPO, POP MART applied for defensive trademarks like 'PaoPao MaTe' to cope with the crowded toy market. The article compares the store expansion plans, IP strategies, and challenges faced by TOP TOY, 52TOYS, and X11.
POP MART Japan announced that two pop‑up stores will open in Shibuya – one at PARCO on Friday, Oct 1, and another at MAGNET by SHIBUYA109 on Saturday, Oct 2. On Oct 2 at 10:00 the fifth Japanese ROBO SHOP will start operating in Aeon Mall Kawaguchi, offering a gift of a blind box for every three items purchased and free‑shipping coupons for all shoppers.
POP MART will hold a POP‑UP shop at Shibuya PARCO in Tokyo from May 14 (Friday) to August 31 (Tuesday). The venue will be open daily from 11:00 to 20:00 and will feature new popular figure releases as well as a one‑year anniversary event for the brand. Opening hours and dates may change depending on the COVID‑19 situation, so please check official channels for updates.
POP MART Japan announced that its ROBO SHOP vending machine, already deployed in over 1,300 locations across China, will make its Japan debut on Saturday, April 10 at DiverCity Tokyo Plaza in Odaiba. During the opening, shoppers who buy three items can enter a lottery to win limited‑edition LABUBU Maneki‑Neko, SKULLPANDA Shopaholic figures and a non‑sale PUCKY keyring. All buyers also receive a ¥500 discount coupon, and purchases over ¥10,000 earn a ¥1,500 coupon for the online store.
POP MART Japan announced that a pop‑up store will operate from March 28 to April 10 at Tokyo Station’s Character Street, with entry limited by a lottery. The shop will feature blind boxes from popular IPs such as MOLLY, DIMOO, SKULLPANDA, THE MONSTERS and CRYBABY, and customers spending ¥6,000 or more will receive a limited‑edition THE MONSTERS LABUBU magnetic bottle opener.
LABUBU, a quirky monster doll by Hong Kong artist Kasing Lung, has sparked global demand. Despite its eerie appearance, its kind-hearted backstory has fueled a craze, leading to counterfeit flooding and advice to buy directly from POP MART.
POP MART Japan held a Valentine’s POP BEAN event at its Ikebukuro PARCO store from February 1 to February 16 2025, with the set priced at ¥2,255 (tax included). During the event shoppers can choose nine specially designed POP BEAN figures, placed in a heart‑shaped case, and receive a random character mirror or clip as a gift when spending ¥5,500 or more.
POP MART Japan launched the YUKI Japanese‑style blind box series on August 16, 2024, priced at ¥1,650 per piece or ¥13,200 for an assortment box. The line reimagines the YUKI character with local motifs such as kompeito candy, Inari fox, wind chimes, and includes secret figures like Daruma and Mount Fuji.
Kasing Lung, born in 1972 and raised in the Netherlands, was influenced by Nordic folklore. He transitioned from a children's book illustrator to a toy designer in 2010 and created LABUBU in 2015. In 2019, he signed an exclusive license with Pop Mart, leading to the character's rapid popularity. In March 2024, his work 'Mon' sold for HK$330,200 at auction.
POP MART stock jumped 12% to HK$5 on Tuesday. The company disclosed its 2021 Q3 operational data for the first time.
POP MART will host a limited‑time pop‑up shop at Kichijoji PARCO in Tokyo, open from 10:00 to 20:00, running from Friday, May 21 to Wednesday, June 30. Popular figure releases are planned during the period, with details to be announced via official channels, and operating hours or dates may change depending on COVID‑19 restrictions.
