Pop Mart's Wang Ning: I don't think it's unhealthy if a single IP's revenue share is particularly large.

GateNews

2025-08-20 03:01:11

IP-0,23%

Jin10 data reported on August 20, the CEO of Pop Mart, Wang Ning, stated at the earnings conference that he does not believe it is unhealthy if one IP accounts for a particularly large proportion. I think this ratio is not so important for us. We believe that each IP has its own characteristics. Pop Mart’s financial report shows that in the first half of this year, THE MONSTERS, where LABUBU belongs, generated revenue of 4.81 billion yuan, accounting for 34.7%.

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