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

WeRide, Pony AI makes infrastructure

BRIEF: Breton, Rixin in deal for autonomous driving in mining

Construction machinery maker Breton Technology Co. Ltd. (1333.HK) said on Monday it recently entered into a two-year strategic cooperation agreement involving autonomous mining trucks with Fujian Rixin Machinery Leasing. Under their agreement,…
Chifeng Gold's next growth curve: Rare earth

Chifeng Gold chases new glitter in rare earths

The company currently gets 90% of its revenue from gold, but is expanding into copper and rare earths to tap anticipated future demand Key Takeaways: Chifeng Gold’s profit surged 141%…
Lufax does finance

BRIEF: Lufax names new co-CEO and chief marketing officer

Online lender Lufax Holding Ltd. (LU.US; 6623.HK) on Friday announced appointments of two new top executives, as it works to resume trading of its Hong Kong-listed shares following the resignation…