Long queues outside stores. Topping US app charts. No, itโs not a new iPhone or sneaker drop โ itโs Pop Mart, the Chinese collectible toy brand now valued at USD 34 billion โ more than the makers of Barbie, Hello Kitty and Transformers combined. Thatโs a global takeover fueled by blind boxes, toothy dolls and a fiercely loyal fanbase.
From Rihannaโs bag charms to Selfridgesโ vending machines, Labubus is everywhere. Labu-what? The furry, snaggle-toothed figurine first caught fire after Lisa from BLACKPINK (aka Mook from White Lotus) showed hers off on Instagram. Pop Martโs latest major drop, Labubu 3.0, triggered long lines, resale frenzies and added USD 1.6 billion to its CEOโs net worth โ in just one day.
Collectibles arenโt new. So whatโs fueling the frenzy?
๐ซณ Physical, not digital. From blind boxes to magazines, the act of buying, unboxing and displaying is the point. In an era of endless screens, tactile matters again.
๐ Luxury-adjacent, not kiddie-core. Pop Mart lives in the kidult zone: nostalgia meets high design. Think Pokรฉmon meets Bottega. Custom outfits, rare drops and aesthetic cred drive demand.
๐ฏโโ๏ธ Communal, not commercial. Collecting Labubus isnโt just shopping โ itโs signaling. Itโs membership. From themed runs to resale platforms, itโs a decentralized fandom with a shared language of cute and cool.
Collectibles are the new coupons!
But instead of discounts, they offer identity, community and cultural currency. Theyโre memories. Badges. Stories. Objects that live online and IRL. In an age of fragmented fandom, ask yourself: which elements of your brand can people latch onto, both physically and emotionally? How might your products or campaigns earn a place in someoneโs personal narrative?
Pop Mart isnโt just making toys. Itโs building a fandom-led world. And in 2025, the most magnetic brands arenโt selling products โ theyโre selling belonging in a box.
