9992.HK
0325.HK
Illustration of Labubu, Optimus Prime and Lots-o’-Huggin’ Bear

Last year alone, collectors worldwide spent nearly 2 billion US dollars on blind boxes from Chinese collectible toy sensation POP MART. That fueled a sales explosion that lit a fire under the company’s stock, which has soared more than six-fold in the last 12 months. Let’s do some of our own unpacking to find out why.

By Brent Li

To subscribe to Bamboo Works weekly free newsletter, click here

Recent Articles

Minimax does AI

BRIEF: MiniMax shares soar in Hong Kong debut

Shares of AI company MiniMax Group Inc. (0100.HK) jumped in their Hong Kong trading debut on Friday, after it raised HK$4.6 billion ($590 million) by selling 29 million shares to…