Long queues outside stores. Topping US app charts. No, it’s not a new iPhone or sneaker drop — it’s Pop Mart, the Chinese collectible toy brand now valued at USD 34 billion — more than the makers of Barbie, Hello Kitty and Transformers combined. That’s a global takeover fueled by blind boxes, toothy dolls and a fiercely loyal fanbase.
From Rihanna’s bag charms to Selfridges’ vending machines, Labubus is everywhere. Labu-what? The furry, snaggle-toothed figurine first caught fire after Lisa from BLACKPINK (aka Mook from White Lotus) showed hers off on Instagram. Pop Mart’s latest major drop, Labubu 3.0, triggered long lines, resale frenzies and added USD 1.6 billion to its CEO’s net worth — in just one day.
Collectibles aren’t new. So what’s fueling the frenzy?
🫳 Physical, not digital. From blind boxes to magazines, the act of buying, unboxing and displaying is the point. In an era of endless screens, tactile matters again.
👜 Luxury-adjacent, not kiddie-core. Pop Mart lives in the kidult zone: nostalgia meets high design. Think Pokémon meets Bottega. Custom outfits, rare drops and aesthetic cred drive demand.
👯♂️ Communal, not commercial. Collecting Labubus isn’t just shopping — it’s signaling. It’s membership. From themed runs to resale platforms, it’s a decentralized fandom with a shared language of cute and cool.
Collectibles are the new coupons!
But instead of discounts, they offer identity, community and cultural currency. They’re memories. Badges. Stories. Objects that live online and IRL. In an age of fragmented fandom, ask yourself: which elements of your brand can people latch onto, both physically and emotionally? How might your products or campaigns earn a place in someone’s personal narrative?
Pop Mart isn’t just making toys. It’s building a fandom-led world. And in 2025, the most magnetic brands aren’t selling products — they’re selling belonging in a box.