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China’s Pop Mart, which has become a global sensation with its ugly-cute Labubu doll, reported a nearly 400 percent first-half net profit, fuelled by high demand for the toys and a shift towards higher-margin overseas markets.
By PA/TPN, in Asia, World, Economy · 23 Aug 2025, 16:31 · 0 Comments
These figures exceeded the estimates in last month’s earnings preview (200 percent) and reached 204.4 percent revenue growth in the first half of 2025.
Wang Ning, CEO of Pop Mart, projected that sales of the Labubu will surpass 10 million units per day from September this year.
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In Asia, World, Environment - 23 Aug 2025, 18:31
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