Browsing: billion-dollar business

In an age of rising global anxiety and cultural shifts, the demand for emotional comfort has taken an unexpected form—a quirky, “ugly-cute” creature named Labubu. Designed by Hong Kong artist Kasing Lung and brought to life by Chinese toy giant Pop Mart, the Labubu doll has become a global collectible sensation. With celebrities like BLACKPINK’s Lisa and Rihanna flaunting it alongside luxury bags, the Labubu doll isn’t just a toy—it’s a status symbol, an emotional salve, and a billion-dollar business. So, what makes this peculiar plushie the object of such universal affection? From Subculture to Status Symbol Labubu’s sudden explosion…