Miniso gets AI investment lift, as self-developed toys look for traction
The lifestyle retailer’s first-quarter report showed impressive headline profit growth, but a closer look reveals the increase owed to stock investment gains Key Takeaways: Miniso reported its first-quarter profit nearly…
From pop concerts to plush toys, Damai expands its ecosystem
The ticketing company benefited from soaring concert sales last year, almost doubling its profit, and is also pivoting towards pop-culture merchandise Key Takeaways: Damai Entertainment has predicted its annual net…
Bloks Group’s super-sized profit shows its toys aren’t just child’s play
The toymaker’s 634 million yuan profit for 2025 reversed losses in the previous four years, but its new, ultra-low-priced segment is dragging down margins Key Takeaways: Bloks Group swung to…
China cultivates ‘joy economy’ with new focus on contentment
After years of downplaying the importance of its citizens' emotional well-being, China is showing new interest in the so-called "emotional economy," including a "joy economy" segment where people find small pleasures in things like a cup of bubble tea or a Labubu collectible toy. What's driving Beijing's greater emphasis on this part of the economy now, and is this a new long-term focus?
Time for a new song? Jay Chou-powered Star Plus Legend sings the blues
The company with strong ties to the Taiwanese Mandopop king swung into the red last year, blaming slower content launches and impaired trade receivables Key Takeaways: Star Plus Legend said…
Turtle tempest: Can Playmates Toys fight back after losing its prize Ninjas?
The toymaker will end its exclusive 37-year agreement to make products based on Teenage Mutant Ninja Turtles at the end of 2026 Key Takeaways: Playmates will soon lose its exclusive…
Here Group challenges Labubu with Wakuku
The former adult education company has transformed to a pop toy maker, reporting its revenue from that business rose sharply in its latest quarter Key Takeaways: Here Group’s revenue nearly…
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