But how did this niche product become a global obsession? The origins of blind box toys trace back to East Asia. Capsule toy vending machines called gashapon originated in Japan in the 1960s. By the ...

Pop Mart, known for its 'blind box' toys featuring characters like Labubu, opened its first jewelry store in Shanghai.

This involved a blind box lottery on its WeChat Mini Program, where for 500 yuan consumers entered a draw to redeem prizes at Lanvin vending machines containing silk scarves, sneakers and even ...

A Shanghai-based maker of “blind box” figurines made $1.8 billion last year—and continues to grow across the world.

SHANGHAI, CHINA - NOVEMBER 22: A POP MART blind box auto vending machine is pictured in Shanghai on ... More November 22, 2018 in Shanghai, China. ... Second-Hand Luxury.

Pop Retailer Miniso Sees Riches In Vending Machines, 'Blind Boxes' Aug. 11, 2021 9:37 AM ET MINISO Group Holding Limited (MNSO) Stock MNSO 1 Comment 1 Like. Bamboo Works. 5.01K Followers. Follow.

Predicted to spread by analysts, the blind box market is surging in China, worth 7.4 billion yuan ($1.14 billion) in pre-pandemic 2019, according to market research firm Qianzhan Intelligence, and ...

Pop Mart, which did not return requests for comment, leases the spot from Rosedale but handles all the machine’s operations. Pop Mart’s blind boxes range from about $5 to $30 and have ...

These machines dispense small toys in opaque plastic balls, with customers never quite sure which item they’ll receive. In the early 2010s, Chinese companies like Pop Mart adapted the gashapon model ...