In a filing to the Hong Kong stock exchange, Pop Mart says first-half profit to rise by at least 350 per cent.

Pop Mart founder and CEO Wang Ning became one of the 10 richest billionaires in China by net worth riding on the Labubu mania. Details here.

Pop Mart, the Beijing-headquartered company, behind the mega viral Labubu plush dolls has issued very bullish earnings forecast. In a regulatory filing to the Hong Kong stock exchange, the Chinese company said that it expects at least 350 percent increase in the profit.

Labubu dolls face controversy after a viral post links them to the demon Pazuzu. The claim triggered panic and misinformation online. Creator Kasing Lung drew inspiration from European fairy tales. Experts debunked the Pazuzu link.

Pop Mart jets from Loong Air arrive in Singapore with fan favourites like Molly, Labubu, and Dimoo; more flights are likely to follow.