Chinese toy maker Pop Mart saw an 11% stock rise following CEO Wang Ning's reveal of the upcoming Mini Labubu dolls, highlighting the company's strong growth outlook.

Bloomberg reported on the 20th that Wang, during an earnings call, expressed optimism about surpassing the annual revenue forecast and announced the launch of the new Mini Labubu series.

Photo: Reuters

Post-announcement, Pop Mart's stock reached HK$310.60 (about ₩55,706) on the Hong Kong Stock Exchange, marking the largest one-day increase in four months and hitting a peak since its December 2020 IPO.

Wang stated, "The global Labubu craze exceeded my revenue predictions. Initially, we targeted CNY 20 billion (around ₩3.89 trillion) in annual revenue, but CNY 30 billion (around ₩5.84 trillion) now seems probable." He noted the Mini Labubu dolls might debut as early as this week.

Investor excitement indicates rising interest in Pop Mart's collectibles and potential for further international growth.