A pop mart store in Shanghai. The company released a mini -line Labubu dolls this week that is quickly sold online.
Aging
Wang Ning, founder of Toy Maker Pop Mart International Group, has become richer than Alibaba Jack Ma co -founder thanks to the company’s world fury.
The 38 -year -old chairman and chief executive, the youngest of the ten richest billionaires in China, has gathered a $ 27.5 billion wealthy asset based on the company’s participation, according to Forbes estimates. It ranks eighth in front of Jack Ma ($ 26.7 billion) and Chipmaker Cambricon Technologies co -founder Chen Tianshi ($ 25.1 billion), according to the billionaire list in real time.
Hong Kong’s pop Mart shares have increased over 250% this year, giving the game manufacturer a $ 435.7 billion ($ 56 billion), more than three times higher than the Barbie Mattel manufacturer and his colleague.
Late on Thursday, the company released the newest Labubu dolls in China, a rabbit that have shown ears, tooth teeth and a naughty smile. Retail for 79 yuan ($ 11), the Labubu 4.0 series features 28 10.5 cm velvet toys in various colors. There are also two types of special edition that will be harder to come.
The new Labubu 4.0 series has 28 10.5cm velvety toys in different colors
Pop mart
The Mini-Labubus was exhausted in a few minutes on electronic channels, including Pop Mart stores in WeChat and Tmall. On the used goods platform Xianyu, some resellers are already offering the range of 4.0 for more than twice the original price.
Earlier this month, billionaire Wang predicted that Pop Mart could easily create 30 billion yuan sales this year. During the first six months, the company reported 204.4% on a year of 13.9 billion yuan. The profit attributed to shareholders increased by 397% to 4.6 billion yuan from the previous year.
The company reported America, including the US, as its fastest growing region with sales rising over 1,000% annually to 2.3 billion yuan in the first half.
The Labubu series has been collected from celebrities such as Rihanna, Kim Kardashian and Lisa from the K-Pop Blackpink team. The mini edition will start in large markets abroad, such as Australia, Thailand and the US starting at local Friday time, according to the company.
