Labubu maker sees sales soar after launch of mini version of toy

Pop Mart experiences a significant rise in sales after introducing mini Labubu dolls, with global revenue increasing by 250% compared to the previous year. Sales in the US surged by over 1,200% and European revenue rose by more than 700%, contributing to the overall growth. The success of the mini version builds on Pop Mart's recent strong sales streak, reflected in a 5.5% rise in its shares in Hong Kong, resulting in a stock market value of approximately $45.5 billion.