The stock price of the Chinese toy manufacturer Pop Mart surged by 11% after CEO Wang Ning unveiled plans for the mini Labubu doll series, underscoring the company's promising growth trajectory.

As reported by Bloomberg on the 20th, Wang revealed during the earnings presentation that Pop Mart is positioned to surpass its projected annual revenue, with the new mini Labubu dolls set to debut soon.

Photo: Reuters

Subsequent to this disclosure, Pop Mart’s stock escalated to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange, marking the most significant single-day increase in four months and achieving its highest valuation since the company's initial public offering in December 2020.

Wang remarked, “In light of the global demand for Labubu collectibles, even I underestimated our revenue potential. Initially, our revenue goal was CNY 20 billion (around ₩3.89 trillion), but now reaching CNY 30 billion (about ₩5.84 trillion) appears feasible.” He also mentioned the possibility of releasing the mini Labubu dolls as early as this week.

The robust investor interest demonstrates increasing confidence in Pop Mart’s collectible items and the prospects for sustained international market expansion.