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Wang Ning

The latest news and updates on Wang Ning, the visionary founder, Chairman, and CEO of Pop Mart International Group. He established the company in 2010, transforming it from a retail store into a global leader in "blind-box" collectible art toys. His strategic pivot in 2015, focusing on artist collaborations and an IP-driven model, propelled Pop Mart to a successful Hong Kong IPO in 2020. Ning is credited with the brand’s significant global expansion, particularly its rapid growth in the North American market, and aims for overseas sales to constitute half of total revenue. His expertise lies in cultivating collector culture and leveraging intellectual property.

No signs of mollification: Pop Mart’s Molly figures stand their ground as the company records its first year-on-year decline in domestic online sales since 2024. Photo: AP

China’s private sector

Can Pop Mart sustain the Labubu juggernaut as China sales cool?

Analysts warn of rising sales pressure as China demand tapers off, even as Pop Mart bets on new launches and overseas growth.

18 Jun 2026 - 8:00AM

China energy security

China’s energy security plan expands south: how Hainan is becoming an LNG hub

7 May 2026 - 9:30AM

Pop Mart

Pop Mart comes with a cool idea for red-hot Labubu: mini-fridges

27 Apr 2026 - 6:15PM

Hong Kong stock market

China’s Warren Buffett calls Pop Mart a long-term buy, hints at owning stake

Duan Yongping sees Pop Mart as a promising long-term investment, praising its growth potential and unique business model.

17 Apr 2026 - 5:00PM

Labubu dolls are on display at the Pop Mart store at the American Dream mall in East Rutherford, New Jersey. Photo: AP

Hong Kong stock market

China’s Pop Mart struggles despite buy-backs as Labubu reliance sparks concerns

Toymaker’s shares have fallen nearly 50 per cent since February as investors weigh slowing overseas growth and dependence on flagship line.

3 Apr 2026 - 12:03PM

Semiconductors

Semicon China: AI, packaging set to drive country’s chip industry growth

China on track to account for nearly half of world wafer capacity in two years, organiser of world’s largest chip industry trade show says.

25 Mar 2026 - 10:13PM

Hong Kong stock market

Pop Mart shares dive despite soaring profit as investors fear Labubu dependence

Labubu and The Monsters series make up 38 per cent of 2025 revenue, while conservative growth guidance for 2026 weighs on confidence.

25 Mar 2026 - 4:30PMvideocam

Labubu figures are displayed at Pop Mart’s Skullpanda pop-up shop in New York City on December 12, 2025. Photo: Reuters

Wealth management

Hong Kong family office summit draws Pop Mart billionaire among global guests

City is ‘strong and unwavering’ as wealth management hub, Chief Executive John Lee says to kick off fourth Wealth for Good summit.

23 Mar 2026 - 10:13PM

Mainland China

Pop Mart’s Labubu headed to big screen in collaboration with Sony Pictures

The Chinese toymaker’s star character will appear in a film co-written and helmed by the director of Paddington and Wonka.

19 Mar 2026 - 11:24AMvideocam

Pop Mart

Pop Mart balances boom and bust: can Labubu’s leap match Molly’s momentum?

As Labubu’s meteoric rise cools, Molly’s longevity highlights the challenge Pop Mart faces in turning hype into stable intellectual property.

14 Feb 2026 - 10:01AM

China’s private sector

China’s Pop Mart gains on earnings hopes as investors eye growth beyond Labubu

The toymaker’s stock gains as user growth, livestream sales and overseas expansion signal resilience despite softer consumer demand in China.

9 Feb 2026 - 4:29PM

Sales of Labubu, the group’s flagship intellectual property, exceeded 100 million units last year. Photo: Xinhua

Pop Mart

Labubu toymaker Pop Mart picks London as European headquarters in overseas push

CEO Wang Ning reveals firm’s latest expansion plan at Friday’s closed-door meeting with UK Prime Minister Keir Starmer.

31 Jan 2026 - 7:30PM

China stock market

Labubu maker Pop Mart rallies as new toy, state media spotlight spark confidence

Pop Mart CEO’s rare state media remarks and a hit collectible boost shares as China’s consumer stocks gain momentum.

23 Jan 2026 - 2:15PM

Pop Mart

Chinese toymaker Pop Mart targets wider audience with magazine, grow IP

The magazine, which is available for US$5.7 online and at select offline locations, features Michelle Yeoh on the cover.

21 Dec 2025 - 9:03PM

Pop Mart, the maker of Labubu toys, is valued at US$33.3 billion. Photo: Reuters

China’s private sector

Labubu maker Pop Mart pushes into Middle East with first Qatar store

The Chinese toymaker expects overseas revenue to surpass domestic sales by the end of this year.

30 Oct 2025 - 10:04PM

Pop Mart

As I see it | How Labubu and friends can be more than a flash in the pan

While some have already written off the company behind the viral collectible, all is not lost for Pop Mart if it can go beyond ‘blind box’ retailing.

25 Oct 2025 - 9:30AMvideocam

Apple

Apple CEO Tim Cook says iPhone Air to release in China next week

China Unicom receives government approval to start commercial trials for the eSIM function on smartphones, such as the iPhone Air.

13 Oct 2025 - 10:43PM

Pop Mart

A Labubu theme park? How Pop Mart is looking to build on the toy’s success

Pop Mart is learning from Disney’s ability to operate IP over the long term and aims to capitalise on Labubu’s popularity, an executive says.

30 Sep 2025 - 7:15PM

An employee stands next to Labubu toys at Pop Mart’s booth at the China International Fair for Trade in Services in Beijing, in September 2025. Pop Mart is planning to invest in “developing content, theme parks, store displays” for Labubu. Photo: Reuters

Hong Kong stock market

Labubu fever to persist despite Pop Mart’s production surge: HSBC

The bank forecasts that by 2026, each Pop Mart member will buy an average of 1.23 Labubus, up from 0.99 this year.

19 Sep 2025 - 8:30AM

Hong Kong

Pop Mart hopes Labubu fans take a shine to its Popop-branded gold jewellery

The launch of gold jewellery featuring its Baby Molly character adds zip to the company’s Hong Kong-listed shares.

12 Sep 2025 - 5:22PM

Xiaomi

Xiaomi to challenge Tesla in Europe on back of record profit

Xiaomi plans to start EV sales in Europe by 2027, adding to challenges facing Tesla, after blockbuster domestic demand helped the Chinese tech giant boost second-quarter earnings.

20 Aug 2025 - 5:02PM

US-China relations

By toy or tea, some China retailers still see US as path to profit

More offline mainland brands are placing big bets on American consumers despite bilateral tensions and weak investor sentiment.

1 Jul 2025 - 1:17AMvideocam

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Wang Ning

Can Pop Mart sustain the Labubu juggernaut as China sales cool?

Analysts warn of rising sales pressure as China demand tapers off, even as Pop Mart bets on new launches and overseas growth.

China’s energy security plan expands south: how Hainan is becoming an LNG hub

Pop Mart comes with a cool idea for red-hot Labubu: mini-fridges

China’s Warren Buffett calls Pop Mart a long-term buy, hints at owning stake

Duan Yongping sees Pop Mart as a promising long-term investment, praising its growth potential and unique business model.

China’s Pop Mart struggles despite buy-backs as Labubu reliance sparks concerns

Toymaker’s shares have fallen nearly 50 per cent since February as investors weigh slowing overseas growth and dependence on flagship line.

Semicon China: AI, packaging set to drive country’s chip industry growth

China on track to account for nearly half of world wafer capacity in two years, organiser of world’s largest chip industry trade show says.

Pop Mart shares dive despite soaring profit as investors fear Labubu dependence

Labubu and The Monsters series make up 38 per cent of 2025 revenue, while conservative growth guidance for 2026 weighs on confidence.

Hong Kong family office summit draws Pop Mart billionaire among global guests

City is ‘strong and unwavering’ as wealth management hub, Chief Executive John Lee says to kick off fourth Wealth for Good summit.

Pop Mart’s Labubu headed to big screen in collaboration with Sony Pictures

The Chinese toymaker’s star character will appear in a film co-written and helmed by the director of Paddington and Wonka.

Pop Mart balances boom and bust: can Labubu’s leap match Molly’s momentum?

As Labubu’s meteoric rise cools, Molly’s longevity highlights the challenge Pop Mart faces in turning hype into stable intellectual property.

China’s Pop Mart gains on earnings hopes as investors eye growth beyond Labubu

The toymaker’s stock gains as user growth, livestream sales and overseas expansion signal resilience despite softer consumer demand in China.

Labubu toymaker Pop Mart picks London as European headquarters in overseas push

CEO Wang Ning reveals firm’s latest expansion plan at Friday’s closed-door meeting with UK Prime Minister Keir Starmer.

Labubu maker Pop Mart rallies as new toy, state media spotlight spark confidence

Pop Mart CEO’s rare state media remarks and a hit collectible boost shares as China’s consumer stocks gain momentum.

Chinese toymaker Pop Mart targets wider audience with magazine, grow IP

The magazine, which is available for US$5.7 online and at select offline locations, features Michelle Yeoh on the cover.

Labubu maker Pop Mart pushes into Middle East with first Qatar store

The Chinese toymaker expects overseas revenue to surpass domestic sales by the end of this year.

.css-1pcrwvc{color:#2aa191;}As I see it | How Labubu and friends can be more than a flash in the pan

While some have already written off the company behind the viral collectible, all is not lost for Pop Mart if it can go beyond ‘blind box’ retailing.

Apple CEO Tim Cook says iPhone Air to release in China next week

China Unicom receives government approval to start commercial trials for the eSIM function on smartphones, such as the iPhone Air.

A Labubu theme park? How Pop Mart is looking to build on the toy’s success

Pop Mart is learning from Disney’s ability to operate IP over the long term and aims to capitalise on Labubu’s popularity, an executive says.

Labubu fever to persist despite Pop Mart’s production surge: HSBC

The bank forecasts that by 2026, each Pop Mart member will buy an average of 1.23 Labubus, up from 0.99 this year.

Pop Mart hopes Labubu fans take a shine to its Popop-branded gold jewellery

The launch of gold jewellery featuring its Baby Molly character adds zip to the company’s Hong Kong-listed shares.

Xiaomi to challenge Tesla in Europe on back of record profit

Xiaomi plans to start EV sales in Europe by 2027, adding to challenges facing Tesla, after blockbuster domestic demand helped the Chinese tech giant boost second-quarter earnings.

By toy or tea, some China retailers still see US as path to profit

More offline mainland brands are placing big bets on American consumers despite bilateral tensions and weak investor sentiment.

As I see it | How Labubu and friends can be more than a flash in the pan