Chinese toy firm Pop Mart's stock jumped 11% after CEO Wang Ning revealed plans for mini Labubu dolls, indicating bright growth prospects.

As reported by Bloomberg on the 20th, Wang, during the earnings report, stated Pop Mart might surpass its yearly revenue target by introducing a new mini Labubu doll series.

Photo: Reuters

This led Pop Mart's stock to HK$310.60 (approx. ₩55,706) on the Hong Kong Stock Exchange, marking the largest single-day gain in four months and the highest since their December 2020 IPO.

Wang remarked, "With the Labubu collectibles' global popularity, our revenue growth exceeded expectations. Initially, we targeted CNY 20 billion (approx. ₩3.89 trillion) for the year, but now CNY 30 billion (approx. ₩5.84 trillion) seems feasible." He also mentioned that mini Labubu dolls might launch as soon as this week.

Investor enthusiasm highlights Pop Mart’s growing collectible appeal and potential for international market expansion.