Pop Mart International Group Ltd. experienced a remarkable 204% year-on-year revenue growth to 13.88 billion yuan ($1.93 billion) in the first half of 2025. Net income surged 397% to 4.57 billion yuan, fueled by a strong global demand for Labubu dolls. The company's growth strategy includes an aggressive international expansion, with anticipated foreign revenue surpassing domestic sales. Pop Mart's products, particularly in Western markets, command higher prices and margins. The success has resulted in a 213% increase in the company's shares this year and plans to open around 100 new outlets abroad in 2025.
Pop Mart International Group Ltd. reported revenue growth of 204% year-on-year to 13.88 billion yuan in the first half of 2025 due to global demand for its Labubu dolls.
The company's net income skyrocketed 397% to 4.57 billion yuan, with overseas growth outpacing expectations and North America likely surpassing Southeast Asia in sales.
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