Chinese toy firm Pop Mart's shares jumped 11% after CEO Wang Ning unveiled plans for mini Labubu dolls, highlighting growth potential.

As per Bloomberg on the 20th, Wang stated in the earnings call that Pop Mart might surpass its yearly revenue goals, with the mini Labubu doll series set for launch.

Photo: Reuters

After the news, Pop Mart's stock surged to HK$310.60 (about ₩55,706) on the Hong Kong Exchange, marking the biggest single-day gain in months and an all-time high since its December 2020 IPO.

Wang noted, "With Labubu collectibles in demand worldwide, our revenue growth exceeded my expectations. Initially targeting CNY 20 billion (around ₩3.89 trillion), now CNY 30 billion (around ₩5.84 trillion) seems feasible." He mentioned mini Labubu dolls could launch soon.

Investor enthusiasm indicates rising interest in Pop Mart’s collectibles and potential for further international growth.