Pop Mart founder and CEO Wang Ning became one of the 10 richest billionaires in China by net worth riding on the Labubu mania. Details here.

Chinese toy company Pop Mart announced this week that it anticipates a dramatic increase in profits for the first half of 2024, with earnings expected to surge by at least 350% compared to the same ...

Wang Ning tells CCTV that overseas sales are likely to surpass those in China this year, with strong growth in North America.

A leading entity in the designer toy industry, Beijing-based Pop Mart specialises in collectible ’blind box’ toys and consumer goods. Primarily serving young adults, particularly Generation Z women, ...

The Labubu trend is taking over 2025. Discover why this viral toy became a cultural, fashion and business phenomenon ...

Chinese toymaker Pop Mart is gearing up for another period of blockbuster growth, following the runaway success of its Labubu toy internationally, saying it expects a massive surge in first-half ...

In 2024, Pop Mart reported more than RMB 13.0 billion in revenue and a 204% increase in net profits, reflecting the widespread appeal of its original characters and surprise-based retail strategy.

While Pop Mart should benefit from operating leverage as most store-related costs are fixed, we model a stable long-term marketing expense ratio of 26.5% as the firm continues its global expansion.

Pop Mart said it expects at least a 350% increase in profit for the first six months of 2025 and at least a 200% increase in revenue. The negative stock reaction may be a reflection of investors ...