China’s Hello Kitty gifts investors a mystery box

Pop Mart International, known for its "blind box" toys, has seen a 500% stock surge, now valued at $41 billion, driven by the popularity of its Labubu character. The company recently opened its first jewelry store in Shanghai and set a record with a human-sized Labubu figure sold for over $150,000. However, the People's Daily criticized the blind box trend, calling for stricter regulations, leading to a 4% drop in shares on June 20, despite a 496% increase over the past year.