Shares in Chinese toymaker Pop Mart reversed course to rise Wednesday, a day after the company posted a near-400% surge in net profit, driven by booming global demand for its Labubu dolls.

Pop Mart was trading 10% higher as of 1.52 p.m. local time (1:52 p.m. ET), after dropping as much as 4.7% at the start of the session.

The company's revenue jumped 204.4% year on year to 13.88 billion yuan ($1.93 billion), and its net profit attributable to shareholders soared 396.5% to 4.57 billion yuan for the first six months of 2025, compared with last month's forecast of at least 200% revenue growth and 350% rise in profit.

Beijing-headquartered firm's Labubu plushies — sharp-toothed, big-eared ugly-cute dolls — have taken the world by storm, with its $30 keychains spotted on the bags of Riha

See Full Page