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Pop Mart CEO Says Labubu-Maker’s Revenue Could Hit Over $4 Billion This Year

The toy company saw its half-year profits soar nearly 400 percent, driven by overwhelming demand for its collectible toys like the Labubu doll.
Labubu dolls used as charms during Copenhagen Fashion Week.
Labubu, a toothy-grinned member of “The Monsters” series of toys designed by Kasing Lung, has become a favourite of celebrities including Rihanna and David Beckham and has sold out around the world. (Getty Images)

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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