In an impressive display of market movement, the stock price of the Chinese toy giant Pop Mart surged by 11%. This financial leap was triggered by CEO Wang Ning's revelation about the forthcoming introduction of Mini Labubu dolls, highlighting a promising trajectory for the company’s expansion efforts.

As reported by Bloomberg on the 20th of this month, Wang Ning, during the company's earnings presentation, shared that Pop Mart is on track to surpass its annual revenue projections. He disclosed plans to unveil a new series of Mini Labubu dolls, thereby bolstering the company's growth potential.

Photo: Reuters

Upon this announcement, the stock of Pop Mart soared to HK$310.60, equivalent to approximately ₩55,706, on the Hong Kong Stock Exchange. This surge represents the most significant single-day increase in four months and marks the highest valuation since the company’s initial public offering in December 2020.

With noticeable enthusiasm, Wang remarked, "In the midst of a worldwide fervor for Labubu collectibles, even I could not foresee the extent of our revenue expansion. Initially, our goal was to achieve an annual income of CNY 20 billion, around ₩3.89 trillion, but now reaching CNY 30 billion, roughly ₩5.84 trillion, is within sight." He further hinted that the mini Labubu dolls might make their debut as soon as this week.

This robust investor response underscores the burgeoning interest in Pop Mart’s collectible items and underscores the company’s potential for sustained international growth.