Labubu

Labubu is a line of popular, furry toy dolls, specifically "toothy gremlins," manufactured by the Chinese toy company Pop Mart. Pop Mart is currently experiencing a surge in popularity and investor confidence, reflected in rising stock prices and a recent share buy-back. This follows the company CEO's appearance in state media, highlighting its entrepreneurial journey. Labubu's popularity is such that it will be featured on a float in Hong Kong's Lunar New Year parade, expected to draw large crowds. However, Pop Mart is also facing scrutiny due to allegations of worker exploitation at one of its supplier factories. A labor rights organization claims to have found evidence of excessive overtime, incomplete contracts, and other labor violations. This juxtaposition of commercial success and ethical concerns makes Pop Mart and its Labubu line a significant subject of current news.