Pop Mart, Labubu
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Pop Mart’s Labubu toys are fueling a 240 percent stock surge and making CEO Wang Ning one of China’s youngest billionaires.
First, Labubu came for our purses and backpacks. Now, it’s coming for our phones. Pop Mart CEO Wang Ning announced in a Hong Kong press conference on Wednesday that a miniature version of the highly collectable Labubu doll will be launched as an ...
Revenue outside mainland China jumped to US$778 million in the first six months, making up about 40 per cent of total sales.