In a recent statement, Pop Mart's CEO, Wang Ning, revealed plans for the introduction of the mini Labubu dolls, which sent the company's stock soaring by 11%. This move is seen as a significant indicator of the company’s bright future prospects.

According to Bloomberg on the 20th, Wang shared during the company's earnings report that Pop Mart is poised to surpass its previously set annual revenue goals. As part of this upbeat forecast, he unveiled the impending launch of the mini Labubu doll line.

Photo: Reuters

In the wake of this announcement, Pop Mart's stock surged to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange. This leap represents the most significant one-day increase in four months, achieving a record high since the company went public in December 2020.

Wang expressed his views by saying, "With the global demand for Labubu collectibles reaching unprecedented levels, even I found it difficult to precisely predict our revenue growth. Initially, our target was an annual revenue of CNY 20 billion (around ₩3.89 trillion), but now reaching CNY 30 billion (approximately ₩5.84 trillion) seems quite feasible." He also mentioned that the mini Labubu dolls might hit the market as soon as this week.

The enthusiastic reaction from investors highlights the mounting interest in Pop Mart’s range of collectibles, alongside the prospects of its further expansion on the international stage.