Shares of Chinese toy companyPop Martsoared11%after CEOWang Ningannounced the upcoming release ofmini Labubu dolls, signaling strong growth prospects for the company.

According to Bloomberg on the 20th (local time), Wang said during the earnings report that Pop Mart is likely toexceed its annual revenue forecast, and the company plans to launch the new mini Labubu doll series.

Photo: Reuters

Following the announcement, Pop Mart’s stockjumped to HK$310.60 (approx. ₩55,706)on the Hong Kong Stock Exchange, marking thelargest single-day gain in four monthsand reaching an all-time high since the company’s December 2020 IPO.

Wang commented,“Amid the global craze for Labubu collectibles, even I could not accurately predict our revenue growth. At the beginning of the year, we aimed for annual revenue of CNY 20 billion (approx. ₩3.89 trillion), but now CNY 30 billion (approx. ₩5.84 trillion) seems very achievable.”He added that themini Labubu dolls could be released as early as this week.

The strong investor response reflects growing enthusiasm for Pop Mart’s collectibles and the potential for continued international expansion.