Chinese toy firm Pop Mart saw shares rise 11% as CEO Wang Ning announced the Mini Labubu dolls' release, indicating robust growth potential.

As reported by Bloomberg on the 20th, Wang revealed during an earnings call that Pop Mart may surpass its yearly revenue target with the Mini Labubu dolls launch.

Photo: Reuters

Following the news, Pop Mart's stock climbed to HK$310.60 (approx. ₩55,706) on the Hong Kong Stock Exchange, marking the highest single-day increase in four months and reaching a peak since its December 2020 IPO.

Wang stated, "With Labubu's global popularity, forecasting our revenue growth precisely was difficult. Initially, we aimed for CNY 20 billion (approx. ₩3.89 trillion) in annual revenue, but now CNY 30 billion (approx. ₩5.84 trillion) seems attainable." He mentioned Mini Labubu dolls might launch this week.

Investor excitement underscores the growing appeal of Pop Mart collectibles and the potential for further global expansion.