Shares of the Chinese toy manufacturer Pop Mart experienced an 11% surge following CEO Wang Ning's reveal of the imminent launch of the mini Labubu dolls, which suggests promising expansion opportunities for the company.

According to a report by Bloomberg on the 20th, during an earnings call, Wang expressed optimism that Pop Mart could surpass its annual revenue projections with the introduction of the new mini Labubu doll collection.

Photo: Reuters

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

Wang stated, "Given the worldwide demand for Labubu collectibles, even I could not have precisely predicted our revenue growth. Initially, we targeted an annual revenue of CNY 20 billion (around ₩3.89 trillion), but now CNY 30 billion (about ₩5.84 trillion) seems within reach." He also mentioned that the mini Labubu dolls might be available as early as this week.

The enthusiastic reaction from investors indicates a rising interest in Pop Mart's collectible items and suggests a promising path for international market expansion.