Qi Lu Wan Bao·2025-06-09 08:37Group 1 - Wang Ning, founder of Pop Mart, has a net worth of $20.3 billion, making him the new richest person in Henan, surpassing Qin Yinglin, who has a net worth of $16.3 billion [1][2] - Pop Mart's stock price has surged by 174% this year, reaching HKD 244.8 per share as of June 6, with a total market capitalization of HKD 328.8 billion [6][13] - The Labubu product line, a blind box toy from Pop Mart, has gained immense popularity globally, with some items in the secondary market selling at over 30 times their original price [6][8] Group 2 - Labubu has become a cultural phenomenon, with international celebrities like David Beckham and Madonna showcasing the product on social media, contributing to its popularity [8][10][11] - Pop Mart's development can be divided into three phases: initial growth (2010-2016), focus on trendy toys and international expansion (2016-2020), and a current strategy centered on IP-driven globalization (2020-present) [15]