Pop Mart's (HKG:9992) market capitalization topped HK$300 billion as of Thursday, the South China Morning Post reported.

The toy manufacturer became the 27th most valuable listed company in the city, the report said.

Pop Mart's popularity increased because of its Labubu doll series, the SCMP said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)