Chinese toy firm Pop Mart saw an 11% increase in shares after CEO Wang Ning revealed the Mini Labubu dolls launch, indicating robust growth expectations.

As reported by Bloomberg on the 20th, Wang stated in the earnings report that Pop Mart might surpass its annual revenue targets with the Mini Labubu series debut.

Photo: Reuters

Following the news, Pop Mart's stock hit HK$310.60 (around ₩55,706) on the Hong Kong Exchange, the highest single-day rise in four months, reaching a peak since its December 2020 IPO.

Wang remarked, “With the global Labubu trend, even I couldn’t foresee our revenue surge. Initially, we targeted CNY 20 billion (approx. ₩3.89 trillion) for the year, but CNY 30 billion (approx. ₩5.84 trillion) now seems feasible.” He hinted at a possible release of the mini dolls this week.

The investor reaction highlights rising interest in Pop Mart’s collectibles and the potential for sustained global expansion.