Shoppers pass by bags of Labubu merchandise from PopMart outside a mall, in Beijing, Friday, June 13, 2025. (AP Photo/Ng Han Guan)

A woman rests near bags of Labubu merchandise from PopMart at a mall, in Beijing, Friday, June 13, 2025. (AP Photo/Ng Han Guan)

Foreign tourists pose for a selfie as they stroll along the Qianmen pedestrian shopping street, in Beijing, Sunday, April 12, 2026. (AP Photo/Andy Wong)

A foreign tourist poses next to a Chinese couple dressed in imperial costumes near the Forbidden City, in Beijing, on Sunday, April 12, 2026. (AP Photo/Andy Wong)

Cast member Jack Black of the upcoming film "The Super Mario Galaxy Movie" speaks during the Universal Pictures and Focus Features presentation at CinemaCon on Wednesday, April 15, 2026, at Caesars Palace in Las Vegas. (AP Photo/Chris Pizzello)

Snoop Dogg speaks during the Universal Pictures and Focus Features presentation at CinemaCon on Wednesday, April 15, 2026, at Caesars Palace in Las Vegas. (AP Photo/Chris Pizzello)

Donna Langley, NBCUniversal Entertainment Chairman, speaks during the Universal Pictures and Focus Features presentation at CinemaCon on Wednesday, April 15, 2026, at Caesars Palace in Las Vegas. (AP Photo/Chris Pizzello)

Steven Spielberg, winner of the MPA America250 Award, speaks during the Universal Pictures and Focus Features presentation at CinemaCon on Wednesday, April 15, 2026, at Caesars Palace in Las Vegas. (AP Photo/Chris Pizzello)