Big Take Asia Podcast

The Chinese Mystery-Box Toy Company Defying the Trade War

On today’s Big Take Asia podcast: A struggling domestic economy and an escalating trade war can’t keep down Labubu, the viral toy from Pop Mart.

Labubu toys in Bangkok, Thailand.Photographer: Sun Weitong/Xinhua/Getty Images
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Chinese toy company Pop Mart is one of the hottest stocks this year thanks to the wild popularity of its Labubu dolls and other blind box toys.