Chinese toy giant Pop Mart saw an 11% share price increase following CEO Wang Ning's announcement about the Mini Labubu dolls, hinting at promising growth.

Per Bloomberg on the 20th, Wang stated during the earnings call that Pop Mart might surpass its annual revenue target, with plans to debut the Mini Labubu doll series.

Photo: Reuters

After the news, Pop Mart’s stock rose to HK$310.60 (approx. ₩55,706) in Hong Kong, achieving the biggest single-day rise in four months and reaching a peak since its December 2020 IPO.

Wang remarked, "The global Labubu craze makes revenue predictions difficult. Initially, our goal was CNY 20 billion (approx. ₩3.89 trillion) annually, but CNY 30 billion (approx. ₩5.84 trillion) now appears reachable." He mentioned the Mini Labubu dolls could launch this week.

The positive investor reaction indicates strong interest in Pop Mart’s collectibles and potential for further global expansion.