在"迷你版LABUBU"又掀起新一轮一娃难求的热潮时，有不少消费者反馈，部分LABUBU娃娃出现歪头、缝线有瑕疵等问题，在购入新品的同时，部分 消费者开始退换货。 tin 鉴别记录 i 最近购买 a a s and and in 1978 1948 1940 1940 两个盲盒(款式随 ... ■ 单个盲盒(款式随 ... 為身出 图 0 4 4 5 得物价格趋势 降价提醒 > 30天 90天 全部 | 成交均价 ¥152.46 | 想要人数 1215 ¥198 ¥187 ¥176 搪胶4.0 心底密码 mini labubu 发 ¥165 ¥154 ¥143 08.10 08.16 08.22 08.28 09.02 08.04 得物售价始终来自当时最低出价商家,平台保障全新正品,请按需购买 单个盲盒(款式随机) ¥150 1分钟前 得* 2分钟前 单个盲盒(款式随机) ¥150 得* 单个盲盒(款式随机) ¥150 2分钟前 单个盲盒(款式随机) ¥150 3分钟前 得* ¥150 单个盲盒(款式随机) 3分钟前 单个盲盒(款式随机) ¥152 4分钟前 ide | * 5分钟前 ヨE* 电 i 最近购买 ...

2025.09. 03 本文字数：586，阅读时长大约1分钟 作者 | 第一财经 乐琰 揭书宜 宋婕 在"迷你版LABUBU"又掀起新一轮一娃难求的热潮时，有不少消费者反馈，部分LABUBU娃娃出现歪头、缝线有瑕疵等问题，在购入新品的同时，部 分消费者开始退换货。 I 最近购买 | 鉴别记录 A # # | | at a 单个盲盒(款式随 ... 两个盲盒(款式随 ... 446 18 445 得物价格趋势 降价提醒 > 30天 90天 全部 | 成交均价 ¥152.46 | 想要人数 1215 ¥198 ¥187 ¥176 搪胶4.0 心底密码 mini labubu 发布 ¥165 ¥154 ¥143 08.16 08.28 09.02 08.10 08.22 08.04 得物售价始终来自当时最低出价商家,平台保障全新正品,请按需购买 单个盲盒(款式随机) 1分钟前 ¥150 得* 单个盲盒(款式随机) ¥150 2分钟前 得* 单个盲盒(款式随机) ¥150 2分钟前 单个盲盒(款式随机) ¥150 3分钟前 得* 单个盲盒(款式随机) ¥150 3分钟前 单个盲盒(款式随机) ity. ¥152 4分 ...

Core Insights - Pop Mart, a Chinese toy giant, is rapidly expanding into global markets, achieving significant milestones such as topping the U.S. App Store shopping chart and experiencing a surge in stock price [1][2]. Group 1: Market Performance - On April 28, Pop Mart's stock price surged over 10%, reaching a historic high of 190 HKD per share, with a trading volume of nearly 2.8 billion HKD [2]. - The company's overall revenue for Q1 2025 increased by 170%-175% year-on-year, significantly exceeding industry expectations [7]. Group 2: Product Launch and Popularity - The recent launch of the third generation of the LABUBU plush toy series on April 24 has driven global demand, with long queues reported at stores in major cities like Los Angeles, London, and Milan [4]. - LABUBU has quickly become a leading IP for Pop Mart, with its product series contributing to a staggering 726.6% year-on-year revenue growth, making it the top revenue-generating IP for the company [6]. Group 3: Regional Growth - The Americas have emerged as a new growth engine for Pop Mart, with revenue from this region increasing by 895%-900% year-on-year, while Europe saw a growth of 600%-605% [7]. - The Asia-Pacific region also maintained a strong growth rate of 345%-350%, indicating a balanced global expansion strategy [7]. Group 4: Global Strategy and Organizational Changes - Pop Mart is undergoing its largest organizational restructuring in five years to better align with its global expansion, establishing regional headquarters in Greater China, the Americas, Asia-Pacific, and Europe [8]. - The company aims to tailor its development strategies based on regional characteristics, positioning Southeast Asia as a growth engine and the Americas as a high-value market [9].