Understanding the Labubu Economic Model

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Event: A podcast featuring Motley Fool analysts discussing the collectibles economy and current market crazes, particularly focusing on a new collectible trend involving a plush toy called Labubu.

Date: Recorded on September 16, 2025.

Key Data: Pop Mart, the company behind Labubu, reported over 80% of its revenue from proprietary intellectual property in 2023, with a revenue projection increasing from 2.5 billion RMB in 2020 to a forecasted 13 billion RMB in 2024. The stock’s market cap reached $43 billion, surpassing major companies like Mattel and Hasbro.

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