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Pop Mart Sees Revenue Hitting Over $4 Billion This Year, to Launch Mini Labubus
Wang, who founded the company in 2010, was speaking with analysts after Pop Mart announced record half-year results on Tuesday, with the makers of the ugly-cute Labubu doll reporting net profit soared nearly 400% as demand for the toys surged, particularly in higher-margin overseas markets.
Shares in Pop Mart soared over 12.5% in daily trading in Hong Kong on ... Around 40% of sales were made up by purchases ...
Chinese coffee chains are popping up in New York. Chinese video games are generating billions. Even Chinese makeup, or ...
Revenue outside mainland China jumped to US$778 million in the first six months, making up about 40 per cent of total sales.
Pop Mart, the Chinese company behind the Labubu franchise, has sold $670 million worth of related products this year—more ...
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