A Shanghai-based maker of “blind box” figurines made $1.8 billion last year—and continues to grow across the world.

Depending on who you ask, these Labubu dolls are either the cutest things ever or absolutely hideous. What do you think?

Sales from the Monsters toy line, which Labubu is part of, accounted for 23% of Pop Mart's $1.8 billion annual sales in 2024.

But it's not just for kids. Catch up quick: Popmart started in 2010 in China and became known for its "blind box" concept ...