BRIEF: Miniso hires underwriters for Top Toy IPO
Retailer Miniso Group Holding Ltd. (MNSO.US; 9896.HK) plans to spin off its Top Toy unit for a separate Hong Kong listing, and has hired JPMorgan and UBS to underwrite the…
BRIEF: Miniso’s revenue rises, but profit falls as same-store sales remain weak
Retailer Miniso Group Holding Ltd. (MNSO.US; 9896.HK) reported on Friday its revenue rose but its profit fell in the first quarter, as business from new store openings helped to offset…
QuantaSing finds new tune in experiential pop toys
The adult education company is adding products for seniors to adapt to changing times, and is now also testing out the youth market with a new toy investment Key Takeaways:…
Ultraman lifts Bloks Group to new heights in first post-IPO report
The toymaker’s shares have nearly doubled since their January trading debut, as its revenue also more than doubled last year despite continuing losses Key Takeaways: Bloks Group reported its revenue…
Miniso struggles to impress investors, even with a successful ‘toy story’
The company is finding success with its Top Toy business and overseas expansion, while its core traditional retail segment has become a drag Key Takeaways: Miniso’s newer chain of Top…
Miniso looks to spread the love for cute and collectible trinkets
The Chinese store chain is raising $550 million in convertible bonds to fund a deeper push into overseas markets, guided by an upbeat branding strategy Key Takeaways: The proceeds from…
Let’s ‘Eat Goods!’ China’s $23 billion animation derivatives market is no game
The ‘Goods Economy’ became a rare bright spot in China’s consumer market last year, as young buyers spent heavily on animation derivatives like cosplay By Lee Shih Ta China’s…
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