Recently, Pop Mart, a well-known toy manufacturer from China, saw its stock rise by 11% after CEO Wang Ning unveiled plans for the release of mini Labubu dolls. This announcement indicates promising growth opportunities for the business.

As reported by Bloomberg on the 20th (local time), Wang shared during the company's earnings announcement that Pop Mart is on track to surpass its predicted annual revenue. Additionally, the new mini Labubu doll series is set to launch soon.

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In the wake of this news, Pop Mart's stock price ascended to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange. This surge marks the largest single-day increase in the last four months and is the highest price point since the company's initial public offering in December 2020.

Wang remarked, “With the global popularity of Labubu collectibles, our revenue growth surpassed my expectations. Initially, our target for the year was CNY 20 billion (approximately ₩3.89 trillion), but now reaching CNY 30 billion (approximately ₩5.84 trillion) appears feasible.” He mentioned that the new mini Labubu dolls might be available as early as this week.

The robust reaction from investors highlights the growing interest in Pop Mart's collectible products and underscores the potential for the company's ongoing expansion across international markets.