2025-08-20
26 分钟And this is Andrew Peach with World Business Report from the BBC.
Today, $4 billion of Labubu dolls.
Very pointy ears, big eyes and a smile which shows exactly nine teeth.
Why India and China have agreed to resume direct flights and step up trade relations and the popularity of Bitcoin in Kenya.
I prefer to pay my garbage collection using Bitcoin because its transaction cost is really low.
First, Labubu is a word you may not have even heard before this year.
They are elf-like dolls.
They're made by the Chinese firm Potmart,
which has become one of the world's most valuable toy companies as a result.
Net profits soaring by nearly 400%.
The company's Hong Kong-listed shares up by 570%.
It's now worth about double Mattel, which makes Barbie.
Today, the chief executive of Potmar Wang Ning said revenue could reach over $4 billion this year.
He's now reportedly the 10th richest person in China.
So what is the magic of Labubu?
Georgia is in Australia, collects Labubu dolls and told us how much she spent on them.
I'd say like three to five grand.
I think I have 25 or 26.
Here they're $80 to $130.
Definitely pretty addictive and they're really expensive.