Beijing may have warned against "blind box" toys, but analysts are betting that Pop Mart International — the company behind Labubu dolls — will remain one of China's hottest consumer brands ...

Trinkets identical to the ones bought on blind box livestreams are usually cheaper if purchased directly on Taobao, one of China’s biggest e-commerce sites. But the experience is not the same.

Pop Mart saw its stock price drop more than 5% after China issued a warning on blind boxes. Chinese state-run news outlet People's Daily wrote about children getting addicted to the mystery boxes.

A Beijing auction house sold a human-sized Labubu figure for 1.08 million yuan ($150,275.51) on June 10, setting a new record for the "blind box" toy as it moves from craze to collectable.