Pop Mart, a Chinese toy company, experienced an 11% rise in its stock price following CEO Wang Ning's announcement about the launch of the mini Labubu dolls. This indicates promising growth potential for the company.

Bloomberg reported on the 20th (local time) that during a financial update, CEO Wang mentioned Pop Mart's potential to surpass its annual revenue target, alongside plans to introduce the mini Labubu doll series.

Photo: Reuters

Post-announcement, the stock of Pop Mart increased to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange. This represents the largest single-day increase in four months and the highest value since the company's IPO in December 2020.

Wang stated that due to the global demand for Labubu collectibles, predicting revenue growth accurately has been challenging. Initially, the company aimed for an annual revenue of CNY 20 billion (approximately ₩3.89 trillion), but now achieving CNY 30 billion (approximately ₩5.84 trillion) seems feasible. He also mentioned that the mini Labubu dolls might be launched as early as this week.

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