Labubu craze to drive up profit 350%, China's Pop Mart says
Source: BBC
Pop Mart, the Chinese toy firm behind the hugely popular Labubu dolls, has said its profits are set to soar for the first six months of this year.The Beijing-based company said in a preliminary statement that it expects profits for the period to jump by 350% as revenues more than tripled.Pop Mart, which has a stock market value of more than $45bn (£34bn), also said profitability had been boosted by increased…
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