Labubu-maker Pop Mart shares soar after posting near-400% profit surge
CNBC Televisionยท2025-08-20 20:00
First of all, PopMart is the company that is based right here in Beijing is behind this big Laboo craze. The company today announced massive earnings as well as sales up uh 400% for net income, revenue up by 200% and the CEO impressed when he said that he believed that exceeding $4.2% billion in sales would be quite easy. Uh the stock went on a roller coaster ride though uh hitting a record and this is after plunging because investors are really trying to figure out whether or not PopMart is riding a fad or ...