Pop Mart Just Validated the Blind Box Category. Here Is How Konomocha Is Responding.
Pop Mart just dropped their 2025 annual results. Revenue up 185% to 37.1 billion yuan (USD 5.1 billion). Adjusted net profit up 284%. Overseas markets now account for over 40% of total sales. The market did not applaud. The stock fell over 20%. The reason is worth understanding. Labubu alone generated 14.2 billion yuan (USD…