Pop Mart’s Labubu toys are fueling a 240 percent stock surge and making CEO Wang Ning one of China’s youngest billionaires.

China's Pop Mart , which has taken the world by storm with its ugly-cute Labubu doll, reported a nearly 400% first-half net profit on Tuesday on high demand for the toys and a shift towards higher-margin overseas markets.

Explosive demand for its Labubu dolls in overseas markets has driven the growth, since the toys sell for higher prices and generate bigger margins in regions like North America.

Pop Mart, the Chinese company that produces Labubu toys, saw its profits increase in the first half of the year driven by its global success.

Labubus dolls are only available through online purchases and in-store pickups, if you can find one in stock. Adding to the scarcity factor is the blind-box packaging.

Chinese toymaker Pop Mart (9992.HK) has reported a stunning 396.5% surge in first-half net profit, driven by soaring global demand for its wildly popular Labubu dolls and stronger sales in higher-margin overseas markets.

China's Pop Mart, which has taken the world by storm with its smash hit, the ugly-cute Labubu doll, reported a 204.4% jump in first half revenue on Tuesday on high demand for the toys, and as it shifts towards higher-margin overseas markets.

Golden State Warriors superstar Steph Curry hilariously was gifted a "Labubu" while in China for his Curry camp on Sunday.

Chinese plush toymaker Pop Mart International Group Ltd. reported robust revenue and profit growth, boosted by global demand for its hugely popular Labubu dolls.

It's 2025, and Labubus seem omnipresent. For those living under a rock, Labubus are little plush toys of bunny/elf monsters with disturbingly sharp teeth,

Dupes of the internet-viral Labubu dolls are being sold around the world. Chinese authorities are now seizing them by the thousands in a counterfeit crackdown.

A warning has been issued on the popular Labubu dolls as the fake versions pose a major threat to children which could even be deadly. Here's how to spot a fake "Lafufus."