Pop Mart is not just a success story. It's the story of how a retail platform found the language of art toys, put it on a conveyor belt, and changed the collectible toy market forever. Watching from the outside: the business model, blind box psychology, product design, and financial reports. Who are Molly, Skullpanda, Dimoo, Crybaby, and Hirono — and whose characters hold this entire empire together. What's happening with the company in early 2026, and where is the trendy toys market heading overall.