News Summary

• Labubu dolls are one of the latest must-have items being driven by social media posts of people unboxing them.
• The little elf-like toy monsters were created by Japanese artist Kasing Lung and they come in boxes.
• The Chinese toy maker behind Labubus, Pop Mart, is forecasting a 350 per cent profit jump for the first half of 2025 as global demand for the characters surges.
• Some are worried about the waste they're creating, especially when some TikTok videos show people destroying or throwing out Labubu they don't want.