Bubu Mart's founder Wang Ning announced that a Labubu that can be hung on a phone will be released this week.

Pop Mart in Hong Kong has stopped falling and started rising. According to the transcript of the company's performance conference call, founder Wang Ning stated that a mini version of Labubu that can be hung on a mobile phone will be released this week, and he also said that achieving a revenue of 30 billion RMB this year is relatively easy. Pop Mart's stock has risen by over 7% now. Earlier, the stock price fell by 4.7% at one point during trading hours, and a report from J.P. Morgan stated that the sales of the company's Crybaby series toys did not meet the bank's expectations.