ByYue Wang,
Senior Contributor.
Chinese toy maker Pop Mart International Group posted strong growth for the third quarter of 2025 that included a sales surge of at least 1,265% in America, sending its Hong Kong-listed shares 2.4% higher on Wednesday after investor concern over its future prospects started to dissipate.
The gain erases losses from Tuesday, when the stock fell over 8% as sentiment turned negative ahead of its announcement of preliminary results for the three months that ended in September.
But it turned out that Pop Mart has sustained the rapid pace of expansion, after worries emerged last month that its toys were just a fad. The company behind the Labubu dolls – which feature a rabbit-like creature with pointed ears, jagged teeth and a mischievous grin – announced on Tuesday that revenues for the July-September period jumped as much as 245% from a year ago, without disclosing exact figures in the preliminary update made to the Hong Kong Stock Exchange. Sales in mainland China were up between 185% to 190% year-on-year, while revenues from overseas markets jumped between 365% to 370%, according to the stock exchange filing.
