The New York Times|1 minute read
Pop Mart's Mini Labubu Launch Sends Stocks Soaring: What You Need to Know
TL;DR
Pop Mart is making waves with its Mini Labubu launch, sending shares up by 12%. The company is projected to hit over $4 billion in revenue this year, fueled by a near-400% profit surge. Investors are buzzing as the ugly-cute toy trend takes off globally. With Labubus looking to become a billion-dollar business, the excitement is palpable.
Key Highlights:
- Pop Mart's stock jumps 12% following Mini Labubu news.
- Projected revenue exceeds $4 billion.
- Profit surges by nearly 400% in just six months.
- Labubus aiming to hit the billion-dollar mark this year.
Here's the full scoop!