According to Odaily Planet Daily, Pop Mart's Wang Ning announced the release of a mini version of LABUBU this week. Wang Ning stated that he hopes to achieve 20 billion RMB in revenue this year, and feels reaching 30 billion RMB would be quite easy. He expressed confidence that total sales in North America and Asia Pacific this year will reach last year's level in China. He also stated that store growth in China will not exceed 10% this year. He is currently building a stronger US team and will enter a phase of rapid store openings in the US within the next one to two years. Perhaps influenced by this news, Pop Mart (09992.HK) surged over 3%. (Jinshi)