POP MART bursts onto the US market! The stock price of China's giant in trendy toys doubles, and the founder's wealth soars by 1.6 billion US dollars.

As Pop Mart's popularity soared in the United States and its app topped the download charts, the chairman and CEO of China-based toy manufacturer Pop Mart International Group, Wang Ning, saw his wealth increase by $1.6 billion in a single day.

According to Forbes' real-time billionaire ranking, this 38-year-old entrepreneur is now worth $16.1 billion. Wang Ning's wealth mainly stems from his holdings in the company. On Monday, Pop Mart's stock listed in Hong Kong surged as much as 13.2%. Since the beginning of the year, with Pop Mart's collectible toys becoming popular globally, especially after winning over China's younger generation, the company's stock price has more than doubled.

Despite the ongoing trade tensions between China and the US, American consumers still queue up all night outside Pop Mart stores just to purchase limited-edition collectible dolls.

Original article: https://www.toutiao.com/article/1830721981163655/

Disclaimer: The article solely represents the author's views.