VIDEO BRIEF: Toys for grown-ups, inside China’s $15 billion collectible toy boom
Last year alone, collectors worldwide spent nearly 2 billion US dollars on blind boxes from Chinese collectible toy sensation POP MART. That fueled a sales explosion that lit a fire…
Honor IPO advances, as new chief talks up its AI credentials
The former Huawei unit that became an independent smartphone brand in 2020 has taken an important step towards an IPO on China’s A-share market that could come next year Key…
Chow Tai Fook rediscovers gold in convertible bonds
The fundraising, even as the Hong Kong jeweler has sufficient financial resources to run its current operation, could hint at plans for its next growth phase Key Takeaways: Chow Tai…
Nameson’s profit dives on diversification spending, overreliance on single customer
The apparel maker’s revenue began to contract in the second half of its latest fiscal year, as business from its largest customer fell 11% Key Takeaways: Nameson’s profit tumbled 40%…
China day trippers pull the tray from beneath Cafe de Coral
The popular Hong Kong fast food chain’s revenue, profit and gross margin all fell in its latest fiscal year, as it suffers from fundamental shifts in its home market Key…
Fosun jewelry unit mines gold from new investors even as its profit shrinks
A Bank of China unit agreed to pump 400 million yuan into Shanghai Yuyuan Jewelry Fashion Group, becoming one of the company’s latest new investors Key Takeaways: Bank of China…
Labubu fever, and a skincare brawl
An early edition toy based on the red-hot Labubu character has fetched a record $150,000 in a recent auction. What's driving the craze, and is it sustainable? And a high-profile tussle between two leading skincare brands has left one of them bruised, with its stock down 30%. How can investors steer clear of this kind of damage?
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