The stock price of Chinese toy manufacturer Pop Mart rose by 11% following an announcement by CEO Wang Ning about the forthcoming Mini Labubu dolls, indicating promising growth for the company.

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

Photo: Reuters

After this announcement, Pop Mart's stock rose to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange. This was the most significant single-day increase in four months and marked a peak since the company's initial public offering in December 2020.

Wang stated, "Despite the global demand for Labubu collectibles, I could not precisely anticipate our revenue increase. Initially, we targeted an annual revenue of CNY 20 billion (approximately ₩3.89 trillion), but now reaching CNY 30 billion (approximately ₩5.84 trillion) seems highly feasible." He also noted that the Mini Labubu dolls might be released as soon as this week.

The positive response from investors demonstrates increased interest in Pop Mart’s collectibles and suggests potential for further international growth.