A life-size 'Labubu' figure just sold for over $170,000 at China’s first Labubu art auction, where nearly 1,000 bidders showed up! 💥 I spired by Pepe's Smurfs, 'Labubu' was created by Hong Kong–Belgium artist Kasing Lung and has become a global sensation. ⚡ His recent solo exhibitions include 'Everybody Knows' at BELOWGROUND HK (2024), 'Cloud' at Hidari Zingaro Tokyo (2023), and '- ' at Kaikai Kiki Gallery Tokyo (2022). ✨ Lung’s vibrant monster universe continues to expand, blending collectible

Recently, the global frenzy for a character named #Labubu has been unprecedented. Across multiple countries, stores have seen lengthy queues of dedicated fans, while social media platforms are flooded with Labubu-related unboxing videos. A recent J.P. Morgan report shows that Labubu is emerging as a "super IP," surpassing #HelloKitty in search popularity as of May. What exactly is behind this global Labubu phenomenon? Let's take a closer look. #TrendinginChina | Xi's Moments