Labubu-Maker Pop Mart Diversifies into Jewellery with New Concept Store 

A not for sale Labubu figure (L) and Labubu stickers are seen at a Pop Mart shop in Beijing on June 12, 2025. (AFP)
A not for sale Labubu figure (L) and Labubu stickers are seen at a Pop Mart shop in Beijing on June 12, 2025. (AFP)
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Labubu-Maker Pop Mart Diversifies into Jewellery with New Concept Store 

A not for sale Labubu figure (L) and Labubu stickers are seen at a Pop Mart shop in Beijing on June 12, 2025. (AFP)
A not for sale Labubu figure (L) and Labubu stickers are seen at a Pop Mart shop in Beijing on June 12, 2025. (AFP)

"Blind box" toymaker Pop Mart, which has seen frenzied sales worldwide for products related to its ugly-cute Labubu character, opened its first jewellery store in Shanghai on Friday.

The jewellery concept store, called Popop, sells accessories adorned with Pop Mart's top-selling characters, including Labubu, Molly and Skullpanda.

While Chinese consumption remains subdued in the face of a prolonged property downturn and sluggish economy, Pop Mart's affordable and adorable toys have remained in high demand both at home and abroad, driving its share price up more than 200% so far this year.

Investor Zhang Ming, 34, who owns Pop Mart stocks worth 100 million yuan ($13.92 million), flew from his base in the southwestern Chinese city of Chongqing for the opening to check out the new store type and decide whether to increase his shareholding in the company.

"I believe that the pricing and target audience for this brand are particularly well-suited, and I am confident that Pop Mart could potentially become China's version of Disney," Zhang said, predicting that the company's market cap could double from its current $45.65 billion valuation.

Along with some Disney characters and others related to anime, comics and popular video games, Pop Mart's characters are seen as fulfilling what has been called "emotional consumption", which sees young consumers spend on affordable luxuries that bring joy into their lives.

Fang Ke, 35, who has a birthday coming up this month decided to treat herself to a 699 yuan Labubu bracelet at the opening.

"I've loved Pop Mart for a long time; it's good-looking, brightly colored, and also has a visual impact," she said. "My daughter likes it too."

At Popop, prices start at around 350 yuan for charms or a simple silver ring, and go as high as 2699 yuan for necklaces adorned with metallic models of the characters. Most pieces are priced at under 1,000 yuan.

At a traditional Pop Mart store, the "blind box" toys that the chain is best known for generally sell for 69 yuan and up, but consumers have shown a willingness to shell out much more for limited editions.

Earlier this week, a Beijing auction house sold a human-sized Labubu figure for 1.08 million yuan, setting a new record and marking the toy's switch from craze to collectible.



Europe's Oldest Lake Settlement Uncovered in Albania

A drone view shows archaeologists diving in the lake of Ohrid to uncover objects, in the village of Lin, Albania, July 10, 2025. REUTERS/Fatos Bytyci
A drone view shows archaeologists diving in the lake of Ohrid to uncover objects, in the village of Lin, Albania, July 10, 2025. REUTERS/Fatos Bytyci
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Europe's Oldest Lake Settlement Uncovered in Albania

A drone view shows archaeologists diving in the lake of Ohrid to uncover objects, in the village of Lin, Albania, July 10, 2025. REUTERS/Fatos Bytyci
A drone view shows archaeologists diving in the lake of Ohrid to uncover objects, in the village of Lin, Albania, July 10, 2025. REUTERS/Fatos Bytyci

Archaeologists working on the shores of Ohrid Lake in Albania are convinced they have uncovered the oldest human settlement built on a European lake, finding evidence of an organized hunting and farming community living up to 8,000 years ago. The team, from Switzerland and Albania, spends hours each day about three meters (9.8 feet) underwater, painstakingly retrieving wooden stilts that supported houses.

The are also collecting bones of domesticated and wild animals, copper objects and ceramics, featuring detailed carvings.

Albert Hafner, from the University of Bern, said similar settlements have been found in Alpine and Mediterranean regions, but the settlements in the village of Lin are half a millennium older, dating back between 6,000 and 8,000 years.

"Because it is under water, the organic material is well-preserved and this allows us to find out what these people have been eating, what they have been planting," Hafner said.

Multiple studies show that Lake Ohrid, shared by North Macedonia and Albania, is the oldest lake in Europe, at over one million years.

The age of the findings is determined through radiocarbon dating and dendrochronology, which measures annual growth rings in trees. More than one thousand wood samples have been collected from the site, which may have hosted several hundred people.

It is believed to cover around six hectares, but so far, only about 1% has been excavated after six years of work.

Hafner said findings show that people who lived on the lake helped to spread agriculture and livestock to other parts of Europe.

"They were still doing hunting and collecting things but the stable income for the nutrition was coming from the agriculture," he said.

Albanian archaeologist Adrian Anastasi said it could take decades to fully explore the area.

"(By) the way they had lived, eaten, hunted, fished and by the way the architecture was used to build their settlement we can say they were very smart for that time," Anastasi said.