Pop Mart, the maker of Labubu dolls, expects a 350% rise in profits in the first six months of the year, boosted by global demand and cost control.

China's Pop Mart, known for its Labubu dolls, is expecting a significant rise in profits, forecasting a 350% advance in the first six months of this year. The growth is due to global brand recognition and sales outside China, which contributed nearly 40% to total revenue. Labubu dolls, promoted by celebrities, have generated huge demand but also a market for counterfeit products, prompting authorities to step in.