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20.08.25 - 09:24
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Pop Mart targets mobile phones with mini Labubus as it aims to doubles sales (SCMP)
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Pop Mart said it would be able to easily double this year's revenue from its 2024 record sales, as it prepares to launch a mini version of the Labubu plush toy to extend its phenomenal success and conquer more hearts beyond mainland China.
The company, founded in 2010 in Beijing, could double its 2025 revenue to 30 billion yuan (US$4.2 billion) from last year's sales of 13 billion yuan, said Pop Mart's founder and CEO Wang Ning, citing the bigger-than-imagined worldwide market for its plush toys......
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20.08.25 - 05:24
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Pop Mart′s Labubu Doll Frenzy Drives Huge Sales (Bloomberg)
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Chinese plush toymaker Pop Mart International Group Ltd. reported robust revenue and profit growth, boosted by global demand for its hugely popular Labubu dolls. Bloomberg's China Correspondent Minmin Low breaks down how successful the brand has been. (Source: Bloomberg)...
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19.08.25 - 13:12
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Labubu phenomenon drives Pop Mart′s record interim sales, earnings (SCMP)
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Pop Mart established itself as the world's most valuable toy producer and exporter of China's “soft power” after the global phenomenon of its Labubu plush toys and figurines drove overseas revenue to soar fivefold in the first half.
Online and in-store revenue outside mainland China jumped to 5.59 billion yuan (US$778 million) in the first six months, making up about 40 per cent of the Beijing-based group's total interim sales of 13.88 billion yuan, which beat analysts' estimates, Pop Mart said......
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16.07.25 - 00:30
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Chinese toymaker Pop Mart says first-half revenue to rise 200% (SCMP)
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Chinese toymaker Pop Mart is gearing up for another period of blockbuster growth, following the runaway success of its Labubu toy in international markets since last year, saying it expects first-half revenue and profit to surge from a year earlier.
In a filing to the Hong Kong stock exchange on Tuesday, the Beijing-based company said it expected revenue for the first half of 2025 to increase by more than 200 per cent from a year earlier, while profit would rise by at least 350 per cent.
In......
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