Shares of Pop Mart, a Chinese toy manufacturer, rose by 11% after CEO Wang Ning revealed plans for the release of Mini Labubu dolls, indicating positive growth prospects for the company.

As reported by Bloomberg on the 20th (local time), Wang, during the earnings report, mentioned that Pop Mart might surpass its annual revenue forecast and intends to introduce the new Mini Labubu doll series.

Photo: Reuters

After the announcement, Pop Mart's stock increased to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange, achieving the largest single-day rise in four months and reaching its peak since the company's IPO in December 2020.

Wang stated, "With the global popularity of Labubu collectibles, our revenue growth was difficult to predict. Initially, we targeted CNY 20 billion (approximately ₩3.89 trillion) in annual revenue, but now CNY 30 billion (approximately ₩5.84 trillion) appears attainable." He also mentioned that the Mini Labubu dolls could be released as soon as this week.

The strong response from investors indicates increasing interest in Pop Mart's collectibles and the potential for further international expansion.