Group 1 - The LABUBU toy, a product of the pop culture brand Pop Mart, has gained immense popularity, being referred to as a "social currency" among young people and even dubbed "plastic Maotai" [1][4][20] - The price of a unique mint green LABUBU sold for 1.08 million yuan at an auction, indicating a significant market interest and speculation surrounding the product [1][6] - LABUBU's rise to fame is attributed to its creative design, limited availability, and the influence of international celebrities who have showcased the toy on social media [4][5][21] Group 2 - LABUBU was initially priced at 59 yuan when it was first released in 2018, but its value has skyrocketed, with some rare versions now selling for thousands of dollars on secondary markets [6][12] - The stock price of Pop Mart has surged by 191.57% this year, with the company's market capitalization nearing 330 billion yuan, reflecting the financial benefits derived from LABUBU's popularity [5][6] - The phenomenon of LABUBU has led to a surge in counterfeit products, with some consumers opting for replicas instead of the original due to high prices [5][20] Group 3 - The demand for LABUBU is driven by emotional value and interest among young consumers, with over 40.1% of them willing to pay for products that provide emotional satisfaction [20] - The toy's design, which some find unattractive, has paradoxically contributed to its appeal, as younger generations embrace its quirky aesthetics [18][20] - The market for LABUBU is characterized by speculation, with some buyers treating it as an investment, while others view it as a status symbol within their social circles [22]

来源：环球网 【环球网消费综合报道】当黄金价格在高位震荡时，一个名为LABUBU的"丑娃"潮玩却上演了身价暴涨 的传奇。泡泡玛特旗下的这款潮玩IP，其二级市场价格持续飙升，令人咋舌。 于泡泡玛特官方 据悉，最初发售价仅599元的Vans联名款LABUBU玩偶，如今在"得物"等二手平台上的标价已高达约3万 元；更令人瞠目结舌的是，一款标注为初代收藏级薄荷色的LABUBU玩偶，近日在拍卖会上竟以108万 元的天价成交。网络上，有网友直言"投资LABUBU'吊打'投资黄金"，这番言论也引发了广泛关注：事 实果真如此吗？ 图片来源 LABUBU的火爆并非偶然。2024年4月，韩国顶级女团BLACKPINK成员Lisa在社交媒体上晒出 LABUBU玩偶，随后泰国公主、国际知名时尚设计师蕾哈娜等一众国际名人纷纷跟进，使得该IP迅速从 潮玩圈层破圈，走向全球时尚舞台。 然而，这种惊人的溢价逻辑与传统投资品截然不同。中国（香港）金融衍生品投资研究院院长王红英分 析指出，LABUBU的价值更多源于其"社交货币"属性。年轻消费者通过拥有稀缺款玩偶获得圈层认同感 和满足感，而黄牛和投机者的介入则进一步推高了价格。但这种情绪驱动的暴 ...

Group 1 - The core point of the news is the revelation of the identity of a mysterious seller who sold shares of Pop Mart through block trades, with the seller being Tu Zheng, a director of Pop Mart, who sold all his shares, reducing his ownership from 0.89% to 0% [1] - Fengqiao Capital, an early investor in Pop Mart, announced that it sold all its shares through three block trades due to the expiration of its RMB Phase I fund, thus no longer holding any shares in Pop Mart [1][2] - Pop Mart has gained significant market attention, especially after becoming one of the best-performing stocks in the MSCI China Index, driven by the popularity of its Labubu dolls and endorsements from celebrities like Lisa from Blackpink [1] Group 2 - Tu Zheng has been involved with Pop Mart since 2019 and has participated in various funding rounds, including two follow-up investments while at Qif Capital and later through Fengqiao Capital [2] - Despite exiting the investment, Fengqiao Capital expressed its best wishes for Pop Mart's future, hoping for its continued success and growth [2]