Chinese toy firm Pop Mart's stock jumped 11% as CEO Wang Ning revealed the launch of mini Labubu dolls, indicating robust growth prospects.

Bloomberg reports on the 20th that Wang, during an earnings call, stated Pop Mart might surpass its yearly revenue target, with plans to release the mini Labubu doll series.

Photo: Reuters

Post-announcement, Pop Mart's shares hit HK$310.60 (around ₩55,706) on the Hong Kong Stock Exchange, marking the biggest gain in four months and an all-time high since the December 2020 IPO.

Wang noted, “With the global Labubu craze, I couldn’t predict our revenue spike. Initially, we aimed for CNY 20 billion (approx. ₩3.89 trillion) in annual revenue, but CNY 30 billion (approx. ₩5.84 trillion) now seems feasible.” He mentioned the mini Labubu dolls might launch this week.

Investor excitement signals rising interest in Pop Mart’s products and future global expansion potential.