Pop Mart

Pop Mart is a Chinese toymaker, famous for its blind box collectible toys, including the popular Labubu and Pucky series. The company is currently newsworthy due to its global expansion, particularly in Europe, with London chosen as its European headquarters. Recent developments include the launch of new toy series, such as the muyu-inspired Pucky Knock Knock line, and a share buy-back indicating confidence after a stock decline. CEO Wang Ning was featured in state media, highlighting the company's entrepreneurial journey. However, Pop Mart is also facing scrutiny due to allegations of worker exploitation in its supply chain, specifically at a factory producing Labubu dolls. The company's success reflects the growing trend of young consumer spending on pop toys in China, making it a significant player in the country's consumption landscape.