<p>At the earnings call for the first half of 2025, POP MART founder and CEO Wang Ning stated that he does not believe that a single IP accounting for a large proportion of the company's revenue is unhealthy, and that more original IPs can prove that we are a relatively healthy platform-based IP. It is reported that THE MONSTERS, where LABUBU is located, generated revenue of 4.81 billion yuan, accounting for 34.7% of the company's total revenue</p>

09992

<p>At the earnings call for the first half of 2025, POP MART founder and CEO Wang Ning stated that he does not believe that a single IP accounting for a large proportion of the company's revenue is unhealthy, and that more original IP can prove that we are a relatively healthy platform-based IP. It is reported that THE MONSTERS, where LABUBU is located, generated revenue of 4.81 billion yuan, accounting for 34.7% of the company's total revenue</p>

POP MART Wang Ning: Does not feel that a single IP accounts for too large a proportion of the company's revenue is unhealthy