US EditionChina’s Pop Mart Targets $4 Billion In Sales This Year Amid Labubu Lunacy
- Pop Mart Chief Executive Wang Ning stated the company aims for $4.18 billion in sales for 2025, following record half-year results with a nearly 400 percent increase in net profit due to high demand for toys.
- Wang noted that Pop Mart shares rose more than 5 percent in Hong Kong following the announcement, reflecting positive investor sentiment.
- Pop Mart plans to explore expansion in emerging markets, including the Middle East and Central Europe, while focusing on the success of the Labubu doll in overseas markets.
- Wang expressed optimism about future growth in international markets, expecting North America and Asia-Pacific sales to equal those from China by 2024.
14 Articles
14 Articles
Mini Labubus are coming after your mobile phone, as Pop Mart aims to double 2025 sales
Pop Mart said it would be able to easily double this year's revenue from its 2024 record sales, as it prepares to launch a mini version of the Labubu plush toy to extend its phenomenal success and conquer more hearts beyond mainland China. The company, founded in 2010 in Beijing, could double its 2025 revenue to 30 billion yuan ($4.2 billion) from last year's sales of 13 billion yuan, said Pop Mart's founder and CEO Wang Ning, citing the bigger-…
Pop Mart CEO says Labubu-maker's revenue could hit over $4 billion this year
HONG KONG/SHANGHAI — 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.”
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