Last year a giant Labubu Christmas tree was unveiled in Chengdu, China. (Photo by Yang Haiyong/VCG via Getty Images) If Labubu has been the story of 2025 then the elf-like figure might also be the ...

At peak, Labubu dolls weren’t just collectibles, they were emotional currency. Every social feed served unboxing after unboxing of pastel creatures with wide grins and rabbit-like ears. Blind-box ...

Labubu dolls have become a $27 status symbol. Now, high-end brands are testing whether fans are willing to pay luxury prices for crystal-encrusted Labubus or $2,500 bags with the ugly-cute monster.

Ms. Silcoff is a cultural critic. My 10-year-old daughter’s entry into the universe of Labubu was innocent enough: She was a kid who wanted a doll. So how did my usually thoughtful and steady ...