The Beijing-based company is racing ahead with its global expansion plan, leveraging the worldwide craze over Labubus — a plush toy that has turned into a pop culture phenomenon in Western markets, particularly the US.
Chinese plush toymaker Pop Mart International Group Ltd. reported robust revenue and profit growth, boosted by global demand for its hugely popular Labubu dolls.
Revenue increased 204% year-on-year to 13.88 billion yuan ($2.49 billion) in the first half of 2025, according to an earnings statement Tuesday. That beat the average analyst estimate of 13.76 billion yuan and compared with 62% growth in the same period a year ago. Net income jumped 397% to 4.57 billion yuan.
