Key Facts
• Pop Mart founder Wang Ning’s wealth reaches $27.5 billion (approx. ¥4 trillion).
• Wang, 38, is the youngest among China’s top 10 billionaires.
• Pop Mart’s stock surged over 250% in 2025, market cap now HK$435.7 billion.
• Pop Mart’s valuation exceeds combined market caps of Mattel and Hasbro by 3x.
• Latest Labubu 4.0 series launched on August 28, featuring 28 models at ¥1,630 each.
• Special Labubu editions sold out within minutes on platforms like WeChat and Tmall.
• Resale prices on secondhand platforms exceed double the original price.
• 2025 revenue forecast: ¥61.7 billion, with H1 revenue up 204.4% year-on-year.
• H1 net profit surged 397% to ¥9.46 billion.
• Americas region saw over 1,000% sales growth, reaching ¥4.73 billion.
• Labubu series collected by celebrities like Rihanna, Kim Kardashian, and Lisa of BLACKPINK.
• Mini Labubu versions to launch in key overseas markets, including the U.S. and Australia.
Summary
Wang Ning, founder of Pop Mart International Group, has become one of China’s wealthiest individuals, surpassing Alibaba’s Jack Ma with an estimated fortune of $27.5 billion. The company’s flagship product, the Labubu plush toy, has gained global popularity, driving a 250% surge in Pop Mart’s stock value in 2025. The latest Labubu 4.0 series, launched in late August, sold out within minutes, with resale prices doubling on secondary markets. Pop Mart’s revenue is projected to reach ¥61.7 billion this year, with significant growth in the Americas region. The Labubu series has also attracted celebrity collectors and is set to expand into major international markets.
