Wang Ning

Wang Ning's Pop Mart mar 25, 2026 · Pop Mart's revenue and net income in 2025 surged 185% and 309%, respectively.

Wang Ning — founder profiled in the Chinese Founder Ledger — is documented as follows: founded Pop Mart in 2010 as a variety store in Beijing's Zhongguancun district inspired by Japanese gashapon vending machines, took it public on the Hong Kong Stock Exchange in December 2020, and continues to lead it as CEO through the global viral popularity of its Labubu toy line. The profile is grounded in the 2 sources indexed for this founder.

On March 25, 2026, Pop Mart's shares fell more than 20% intraday -- their biggest drop in nearly a year -- after the company reported 2025 annual earnings that broadly met revenue expectations; the CEO responded by emphasizing balanced growth over an aggressive revenue strategy and signaled plans to expand product categories including into home appliances.

Wang Ning's role is documented as: founder and CEO, Pop Mart Wikipedia's infobox lists his current title as 'Founder and CEO of Pop Mart' (as of a June 30, 2025 update); Reuters' March 25, 2026 report corroborates his continued CEO role at that later date (research date: 2026-08-23).

Wang Ning's Pop Mart mar 25, 2026 · Wang Ning, Pop Mart's chairman and chief executive, the company expects to deliver revenue growth of no ​less than 20% from a year earlier .

Wang graduated from Sias University in 2009 with a degree in advertising, worked a year at Sina Corporation, then founded Pop Mart in 2010 as a variety store in Beijing's Zhongguancun district, taking inspiration from Japanese gashapon vending machines.

Wang developed toy lines in partnership with artists including Hong Kong-based Kenny Wong, took Pop Mart public on the Hong Kong Stock Exchange in December 2020, and held approximately 48.73% of Pop Mart's issued shares through controlled corporations and a trust as of December 31, 2024.

Pop Mart gained widespread attention starting in 2023 with the popularity of its Labubu toy line, later endorsed by celebrities including Blackpink's Lisa; this drove Wang's rise to become China's 10th richest individual by June 2025 and an estimated net worth of $19.6 billion as of February 2026 per Forbes.

Wang Ning's Pop Mart jun 19, 2025 · The soaring stock price has also quickly made its founder Wang Ning the richest person in China's Henan province, the tenth richest man in China .

Wang Ning's Pop Mart | Founder, Chairman, and CEO of Pop Mart Ning Wang, generating more than 2 billion yuan (~$295 million) a year in revenue .