Shares in Chinese toymaker Pop Mart saw volatile trading on Wednesday, a day after the company posted a near-400% surge in net profit, driven by booming global demand for its Labubu dolls. Pop Mart dropped as much as 4.7% before paring losses to climb above 2% as of 10.45 a.m. local time (10:45 p.m. ET Tuesday)

Pop Mart shares hit record highs after reporting a 400% profit surge on Labubu craze, upbeat guidance, and global expansion plans.

Chinese toy giant Pop Mart’s stock jumped 11% after CEO Wang Ning said sales could top 30 billion yuan, boosted by the global craze for its Labubu figurines, Companies, Times Now

The following blind boxes will be available for purchase Tuesday night, Aug. 19: Have a Seat Vinyl Plush Blind Box − Single boxes and whole sets will be available to order during launch. Exciting Macaron Vinyl Face Blind Box (pre-order) − Single boxes and whole sets will be available to order during launch. The estimated shipping date is Sept. 29.

Lafufus are counterfeit versions of Labubus that have proliferated in the wake of the original's popularity, with everyone from street vendors to Facebook sellers either selling them outright as fakes or attempting to pass them off as originals in order to profit off the scarcity of the original.

If you're on the hunt for a Labubu doll for your child, be on the lookout for fakes - they come with an urgent warning!

In a financial report released Aug. 19, Pop Mart said it has seen a net profit of 396% and a 204% jump in revenues due to Labubus.

From now until Aug. 22, daily Labubu stock drops authenticated by StockX will go live on Walmart's website — here's how to get one