The stock climbed as much as 14% to HK$319.4, the highest level since the company went public in December 2020.

The day’s action again centered around stocks caught up in the mania around artificial-intelligence technology.

Pop Mart 9992.HK chief executive Wang Ning said on Wednesday his toy company was on track to meet its targeted revenue goal of 20 billion yuan ($2.78 billion) in 2025, and that “30 billion ($4.18 ...