Based on the Red Riding Hood fairytale wolf, the toy was sold out in a few hours as people queued up for it from morning.
According to the BBC, an anti-government protester is said to have thrown the toy at Hong Kong's leader CY Leung over the weekend.
A spokesman for Ikea Hong Kong said that customers arrived at Ikea stores to queue for the toy at 07:00 local time and that by 11:10 the wolf had sold out.
The wolf in question is called Lufsig in Hong Kong as it is elsewhere in the world.
However, Ikea's website for mainland China features the toy with a Chinese name, which sounds similar to a profanity in the Cantonese dialect.
Leung was appointed as Hong Kong's chief executive by a committee last year and has suffered from extremely poor popularity ratings, the report added.
--ANI (Posted on 11-12-2013)