Pop Mart 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 billion) this year should also be quite easy.

Shares of Pop Mart International Group Ltd. surged more than 12% in Hong Kong on Wednesday, after the Chinese toymaker reported a near fourfold jump in first-half profit, fueled by red-hot demand for its Labubu dolls both at home and abroad.