The Labubu fire caused a security threat to the global market.
On 14 June, Bubomat announced that, in view of the recent potential security risks at the sub-line selling site, it had been decided to suspend sales of the full range of Labubu-flush dolls and Labu-Key key buttons to Korean door stores in order to give priority to customer security.
Quick-talking AI to collect $150 million a quarter! Strong growth in P-end subscriptions
In the first quarter of 2025, fast-tracked unaudited financial performance resulted in a single quarterly income of RMB 32.6 billion, an increase of 10.9 per cent over the same period last year of RMB 29.4 billion. Income growth is driven mainly by online marketing services and live operations.