$POP MART(09992)$
Labubu surpassing Molly marks a significant shift in Pop Mart’s IP landscape, reflecting changing consumer preferences. Among Pop Mart’s five major IPs — Labubu, Molly, Dimoo, Skullpanda, and Pucky — Labubu stands out for its quirky design and emotional connection with collectors. Its mischievous yet lovable character appeals to a broad audience, driving strong repeat sales. This shift highlights Pop Mart’s strength in adapting to market trends and keeping its IP portfolio fresh and engaging. Which one is your favorite?

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