Labubu, created in 2015 by Hong Kong-based artist Kasing Lung, is no ordinary plush toy. With its signature grin of jagged teeth and scruffy charm, it’s instantly recognizable.
After Lung’s licensing agreement with Pop Mart in 2019, Labubu became available in various formats: plush versions, oversized collectibles, and mystery-packed blind boxes.
These blind boxes, hiding limited-edition figures inside, have become a key driver of the toy’s cult appeal.
The sense of mystery and the thrill of the chase have made Labubu a collectible with near-mythical status.
Some editions are so rare they have spiked in value on the resale market.
The blind box format ensures that every purchase is a gamble — one that many are willing to take, again and again.