Chinese toy manufacturer Pop Mart experienced an 11% increase in its stock value after CEO Wang Ning announced plans for the release of mini Labubu dolls, suggesting positive growth potential for the company.

As reported by Bloomberg on the 20th (local time), CEO Wang stated during the earnings report that Pop Mart is on track to surpass its annual revenue forecast, with plans to introduce the new mini Labubu doll series.

Photo: Reuters

Following this announcement, Pop Mart's stock rose to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange, representing the largest single-day increase in four months and achieving the highest price since its initial public offering in December 2020.

Wang remarked, "With the global popularity of Labubu collectibles, even I could not precisely anticipate our revenue growth. Initially, our target was an annual revenue of CNY 20 billion (approximately ₩3.89 trillion), but now CNY 30 billion (approximately ₩5.84 trillion) seems attainable." He also mentioned that the mini Labubu dolls might be available as soon as this week.

The strong interest from investors indicates rising enthusiasm for Pop Mart's collectibles and suggests potential for further international expansion.