The Labubu dolls are part of a collection named The Monsters, created by Hong Kong artist Kasing Lung. With fuzzy Nordic elf appearances, these characterful dolls possess a kindhearted spirit and a knack for causing trouble, described by Pop Mart's licensing head, Emily Brough, as “well-intentioned” mischief. Their journey from children's book characters to collectible designer toys began in 2019 through a partnership with retailer Pop Mart.

Since the debut of the first Labubu series, Exciting Macaron, in October 2023, the dolls have consistently sold out within minutes of their online release, drawing attention not just as toys but as fashionable accessories. Priced around $30 each, limited editions can command higher prices, fueling a robust community of dedicated fans that actively share tips, styling ideas, and showcase their collections both online and offline, forming a new cultural phenomenon in the world of collectibles.