China's POP MART Targets $4 Billion In Sales This Year
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Chinese coffee chains are popping up in New York. Chinese video games are generating billions. Even Chinese makeup, or "c-beauty," firms are expanding globally.
Revenue outside mainland China jumped to US$778 million in the first six months, making up about 40 per cent of total sales.
Pop Mart, the Chinese company behind the Labubu franchise, has sold $670 million worth of related products this year—more than iconic US toy lines Barbie and Hot Wheels.