That being said, Labubu’s popularity reached the stratosphere in April after Thai singer and Blackpink member Lisa posted an Instagram story of her holding a giant Labubu plush toy and another of her with a Labubu charm.
Since then, Labubu figures have become highly sought after globally.
3. HOW POPULAR ARE LABUBU FIGURES?
In Singapore, prices of limited-edition Labubu figures can reach as high as the thousands on resale platform Carousell.
In Lisa’s homeland of Thailand, there have been reports of more and more locals flying to China to purchase Labubu toys – either as souvenirs or for resale purposes.
The Thai government even had to warn the public about scams involving Labubu toys. In August, the Thai police arrested a Thai-Cambodian couple for allegedly deceiving online buyers into pre-ordering Labubu toys, which resulted in over 2 million baht (US$61,276) in losses, as reported in the Bangkok Post.
