In a remarkable development, shares of the renowned Chinese toy company Pop Mart experienced an impressive 11% uptick. This surge happened in the wake of an announcement made by the company's CEO, Wang Ning, regarding the forthcoming launch of Mini Labubu dolls. The announcement hints at a promising expansion in the company's growth potential.

As reported by Bloomberg on the 20th, speaking during an earnings meeting, Wang Ning shared his optimism that Pop Mart is set to surpass its previously projected annual revenue targets. He also divulged plans for the introduction of the new Mini Labubu doll series, which is eagerly anticipated by collectors and investors alike.

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In the aftermath of this exciting announcement, Pop Mart's stock valuation soared to HK$310.60, equivalent to approximately ₩55,706, on the Hong Kong Stock Exchange. This impressive leap represents the most significant single-day rise in four months, achieving a historic peak since the company made its debut on the stock market in December 2020.

Wang Ning expressed his thoughts, stating, "The global fascination with Labubu collectibles has surpassed even my expectations for revenue growth. Initially, we set a target for our annual revenue at CNY 20 billion, around ₩3.89 trillion. However, given the current trajectory, reaching CNY 30 billion, or approximately ₩5.84 trillion, seems entirely within reach." He further hinted that the Mini Labubu dolls might hit the shelves as early as this week.

The enthusiastic reaction from investors underscores a burgeoning interest in Pop Mart's collectible items and indicates a bright future for the company's ventures into international markets.