Pop Mart, Laopu Gold See Strong 2025 Earnings Despite China Slump

Pop Mart International Group Ltd. and Laopu Gold Co. are set to post triple-digit growth, making them standouts in China’s retail landscape defined by sluggish domestic spending.

The craze for Labubu dolls and hype around ancient-style gold jewelry — aided by an army of influencers generating online buzz — has now abated, raising questions about the sustainability of their rapid growth.