Pop Mart’s Labubu toys are fueling a 240 percent stock surge and making CEO Wang Ning one of China’s youngest billionaires.

BEIJING, Aug. 25, 2025 /PRNewswire/ -- Keep Inc. ("Keep" or the "Company"), the largest online fitness platform in China, today announced its unaudited interim results for the six months ended June 30 ...

Here’s what you need to know about Wang Ning and how he started the Labubu's parent toy company Pop Mart that’s worth ...

CEO adds $1.6 billion to fortune According to an April 2025 Forbes report, Wang Ning became $1.6 billion richer in a single day thanks to his company’s soaring popularity in the United States.

Wang: In 2020, I said that if there would be a Chinese company that most resembled Disney in five years' time, it would definitely be Pop Mart. Since last year, however, our aspiration has shifted.

Wang Ning, the chairman and CEO of Chinese toy maker Pop Mart International, became $1.6 billion richer in a single day, all thanks to his company's viral Labubu dolls.

Wang Ning, billionaire founder of Chinese toy maker Pop Mart International Group, said the company could “easily” reach 30 billion yuan ($4.2 billion) in sales this year.

Wang Ning saw his wealth surge almost three fold this year, thanks to strong investor demand for the initial public offering of his Pop Mart International Group.

Wang worked as Hebei University Communist Youth League secretary, the director of Hebei University Press, the IT department manager of Engineering Control Department of Lenovo and the general ...