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Part Toy, Part Fashion, the Arrival of the Viral Labubu Was a Long Time in the Making

  • Labubu, a plush character designed by illustrator Kasing Lung in 2015, rose to widespread recognition through the Chinese company Pop Mart.
  • The toy’s rise began when Lung partnered with Pop Mart in 2019 to sell Labubu figurines that later became collectible icons.
  • Pop Mart capitalized on Labubu’s appeal with key ring plush toys in 2023, which celebrities and influencers rapidly popularized on social media.
  • Labubu triggered a 1,200% plush toy revenue increase in 2024 for Pop Mart, whose total annual revenue doubled to 13.04 billion yuan .
  • Pop Mart plans 50 new U.S. Stores in 2025 and continued seasonal Labubu releases amid strong adult buyer demand and supply challenges.
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Labubu, the plush toy from China's Pop Mart, is a social media sensation, but the toothy little monsters weren't an overnight success. After appearing a decade ago, the Labubu…

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Live Mint broke the news in New Delhi, India on Monday, June 2, 2025.
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