POP MART(HK:09992) Hu Xiu·2025-07-01 10:27Group 1 - The article highlights the life of a family worker, Hu Meiyu, who earns a daily wage of around 50 yuan by trimming excess plastic from Labubu doll faces, a popular product from Pop Mart [7][10][28] - Labubu dolls have gained immense popularity globally, with initial products fetching prices as high as 1.08 million yuan at auctions, leading to long queues at Pop Mart stores and even violent competition among scalpers [6][28] - The production process involves multiple steps and workers, with Hu Meiyu's role being just one of many in the supply chain, reflecting the low wages and labor-intensive nature of the work [15][20] Group 2 - The article discusses the broader context of the toy manufacturing industry in Dongguan, which is home to over 4,000 toy production companies, making it the largest toy export base in China [15][22] - The article mentions that the price for a single Labubu doll face in a factory setting is around 5 yuan, while the retail price can exceed 1000 yuan, indicating a significant markup in the supply chain [15][28] - The article also touches on the related market for doll clothing, which has seen a resurgence due to the popularity of Labubu, with wholesale prices for doll outfits ranging from 15 to 30 yuan [26][27]