In a recent revelation, the shares of Pop Mart, a prominent Chinese toy manufacturer, witnessed an impressive 11% surge. This upswing came on the heels of an announcement from CEO Wang Ning regarding the anticipated debut of the Mini Labubu dolls, which is seen as a harbinger of promising expansion opportunities for the firm.

As reported by Bloomberg on the 20th, Wang Ning conveyed during the earnings report that Pop Mart is on track to surpass its annual revenue expectations. The company is gearing up for the launch of its new series featuring the Mini Labubu dolls, a move that underscores its growth trajectory.

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In the wake of this announcement, Pop Mart's stock catapulted to HK$310.60 (approximately ₩55,706) on the Hong Kong Stock Exchange. This leap represents the most significant increase in a single day over the past four months, reaching its highest point since the company's IPO in December 2020.

In his remarks, Wang Ning noted, "With the global enthusiasm surrounding Labubu collectibles, even I couldn't have predicted the extent of our revenue growth. Initially, we set a target of CNY 20 billion (approximately ₩3.89 trillion) for the year's revenue, but achieving CNY 30 billion (around ₩5.84 trillion) now appears to be within our reach." He also mentioned that the Mini Labubu dolls might hit the market as early as this week.

The positive reaction from investors highlights the increasing interest in Pop Mart's collectible offerings and its potential for further expansion into international markets.