Labubu, the toothy-grinned plush doll, has powered a 500% rally at Hong Kong-listed Pop Mart, now worth $41 bln. Investors may be betting on the firm's push into theme parks and more. But as the ...

Labubus are a global sensation — sparking long lines outside toy stores, selling out online within minutes, and listing for double or triple their original price on resale markets. Here's why.