The Labubu craze is not just a fad. Singapore businesses are taking notes
More brands are turning to ‘blind-box marketing’, which combines mystery, surprise and collectability to draw customers
IN EARLY 2024, Xavier Lum bought his first blind box from toymaker Pop Mart, in an attempt to get matching figurines with his friends. Each toy series by Pop Mart typically contains 12 variations, but there is a caveat: They come in sealed packaging and are sold randomly.
And unfortunately for the 30-year-old marketing executive, he and his friends got duplicates of the same design.
Lum tried his luck with more blind boxes in a bid to get a different design. Soon enough, this evolved into collecting designs from different series, and completing each one.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?