Pop Mart shares surged after the toy company reported record half-year results driven by global demand for its Labubu dolls, according to Reuters. Net profit jumped nearly 400% as overseas sales expanded, and CEO Wang Ning said the firm is on track to meet its $2.78 billion revenue goal in 2025 while projecting $4.18 billion this year. Shares rose over 12.5% in Hong Kong, reaching their highest close since the 2020 IPO. Pop Mart is now valued at $50 billion and is planning rapid U.S. store openings, new product launches, and entry into emerging markets. Executives said the long-term vision includes animated films and theme parks, though analysts warn shares may be overpriced given high business risks.
