The valuation of Pop Mart, a prominent Chinese toy manufacturer, increased by 11% following CEO Wang Ning's disclosure of the impending launch of the mini Labubu dolls. This announcement underscores promising expansion opportunities for the firm.

Bloomberg reported on the 20th (local time) that during an earnings briefing, Wang indicated Pop Mart's likelihood to surpass its projected annual revenue, coinciding with the introduction of the mini Labubu doll series.

Photo: Reuters

Subsequent to the announcement, Pop Mart's stock price surged to HK$310.60 (approx. ₩55,706) on the Hong Kong Stock Exchange. This represents the most significant one-day increase in four months and the highest value since the company's initial public offering in December 2020.

Wang remarked, “Given the global demand for Labubu collectibles, our revenue forecasts have surpassed expectations. Initially, we targeted annual earnings of CNY 20 billion (approx. ₩3.89 trillion), yet CNY 30 billion (approx. ₩5.84 trillion) now appears attainable.” He suggested that the mini Labubu dolls may become available as soon as this week.

The positive investor sentiment highlights rising interest in Pop Mart's collectible products and suggests favorable prospects for further international growth.