Chinese toy firm Pop Mart's shares climbed 11% after CEO Wang Ning revealed plans to release Mini Labubu dolls, indicating strong growth potential.

Bloomberg reported on the 20th that Wang announced during an earnings call that Pop Mart may surpass its annual revenue forecast, with new Mini Labubu dolls set for launch.

Photo: Reuters

Post-announcement, Pop Mart's stock hit HK$310.60 (around ₩55,706) on the Hong Kong Exchange, the largest gain in four months, reaching heights not seen since its December 2020 IPO.

Wang stated, "Global demand for Labubu items is surpassing expectations. Initially, we targeted CNY 20 billion (around ₩3.89 trillion) in revenue, but now CNY 30 billion (around ₩5.84 trillion) seems attainable." He suggested Mini Labubu dolls might debut this week.

Investor enthusiasm highlights Pop Mart's growing appeal and potential for further international growth.