JTG MINI: How Pop Mart lost billions on the rise and fall of Labubus.

At the peak of the Labubu craze in 2025, Pop Mart, the company behind the viral blind box toys, was worth more than Mattel and Hasbro combined. That's Barbie AND Nerf, beaten by a snaggle-toothed elf from artist Kasing Lung's 'The Monsters' universe, dangling off the designer handbags of Lisa from BLACKPINK, Rihanna and Cher. Then the bubble burst: resale prices cratered, counterfeit 'Lafufus' flooded the market, Pop Mart's stock plunged more than 22 percent in a single day, and founder Wang Ning personally lost 2.7 billion dollars before lunch. This is Just The Gist (MINI!) of the rise and fall of Labubu: the blind box craze, the celebrity bag charm frenzy, and the toy bubble that burst almost overnight. . We give you Just The Gist, but if you want more, there's Breakin' Nooz, JTG After Show AND Bonus eps! You can access them by joining the Gistener Club via the Just The Gist Patreon or Apple Premium Subscriptions. Watch Just The Gist episodes on Youtube @JustTheGistPodcast Follow Just The Gist on Instagram and TikTok @JustTheGistPodcast Follow Rosie in all the places at @RosieWaterland Want to give us a SuGISTion? Tell Rosie to stop singing so much? Email us at hello@justthegist.com.au Just The Gist is a Just The Network production. Executive Producer and Host: Rosie Waterland | Senior Producer and Editor: James Joseph | Producers: Kate Leaver, Hayley Staveley & Sammy Petersen | Acast Legend: Guy Scott-Wilson | Production Assistant: Pocket Don't forget to follow and give us 5 stars, which means something apparently! Thank you, as always, for Gistening. Now go say something impressive at a dinner party. . Bryan Yambao in conversation with Kasing Lung, the creative force behind Labubu (Perfect Magazine, 2025) Toy Mogul Wang Ning Loses Almost $3 Billion As Shares Of Labubu Maker Pop Mart Drop On Overseas Slowdown (Forbes, 2026) Why Labubu Maker Pop Mart's Shares Are Plunging (Bloomberg Television on YouTube, 2026) Meet The Teacher Who Wakes Up At 3:30 AM For His Labubu Business (Business Insider on YouTube, 2025) 'Labubu' is a plush toy that is causing a frenzy. Here's its origin story (NPR, 2025) The Downfall of Labubus (YouTube, 2025) Fever to fatigue? Pop Mart welcomes the fall in Labubu resale prices (CNBC, 2025) Pop Mart shares plunge over 22% as concerns over sustainability of Labubu sales dwarf stellar results (CNBC, 2026) What comes after Labubu? Inside Pop Mart's next growth play (CNBC, 2026) Kasing Lung (Wikipedia) Pop Mart Founder Wang Ning's Net Worth Drops $6 Billion As Labubu Demand Cools (Forbes, 2025) Once richer than Peter Thiel, Pop Mart's Wang Ning sees $6 billion vanish with Labubu hype (Fortune, 2025) Why Are People Lining Up for Labubus? (UC San Diego Today, 2025) * * * Hosted on Acast. See acast.com/privacy for more information.