Chinese plush toymaker Pop Mart International Group Ltd. reported robust revenue and profit growth, boosted by global demand for its hugely popular Labubu dolls.

The Chinese company Pop Mart is officially more valuable than industry giants Mattel and Sanrio, thanks to the popularity of Labubu dolls.

The Chinese toy purveyor, famous for selling the highly popular Labubu monsters, pulled in an impressive amount of cash in the first six months of the year, as it expanded into more lucrative overseas markets.