Earlier this month, Pop Mart opened a megastore in the landmark Bangkok shopping center Iconsiam. The company said in March that it plans to open around 100 more outlets outside the mainland in 2025.

China's Pop Mart (9992.HK), which has taken the world by storm with its ugly-cute Labubu doll, reported a nearly 400% first-half net profit on Tuesday on high demand for the toys and a shift towards ...