Pop Mart Shares Jump Most in Two Months After 250% Sales Growth
Pop Mart’s sales took off from second half of last year, driven by releases of its plush Labubu toy.
Photographer: Na Bian/BloombergChinese toymaker Pop Mart International Group Ltd. shares jumped by the most in two months after posting strong revenue growth in China and overseas markets during the quarter featuring the release of a new series of its popular Labubu dolls.
Revenue increased as much as 250% year-on-year in the three months ended September, with sales in overseas markets surging as much as 370% compared with around 190% growth in China, Pop Mart said in a Hong Kong stock exchange business update. Shares gained as much as 7.9%.