HERE Launches Fourth-Generation WAKUKU Series Globally, Expanding Its Imaginative IP Universe

HERE, a lifestyle-driven IP brand, announced the launch of The Handicraft World of WAKUKU, a fourth-generation vinyl plush blind box series featuring patchwork-inspired character designs. The collection emphasizes themes of repair and emotional healing through handcrafted aesthetics. The launch marks HERE's broader global expansion, with products available through MINISO stores and the brand's official website.

06/09/2026, 10:00 AM • GlobeNewswire

Involution In China Consumer Market Sparks New 'Races To The Bottom'

Chinese companies are engaging in aggressive price-cutting strategies to capture cost-conscious consumers. Toymaker Bloks is selling licensed blind boxes for $1.50, while KFC is introducing pizzas as low as $3.30, marking a shift toward budget offerings in competitive markets. This 'involution' reflects broader consumer frugality in China and globally, forcing major chains to adapt with cheaper options to survive.

04/01/2026, 12:48 PM • Benzinga

Bloks Group's Turnaround Fueled By Overseas Sales

Chinese toymaker Bloks Group swung to profitability in 2025 with 634 million yuan profit, driven by 30% revenue growth and strong overseas expansion, particularly in the Americas. However, the company faces margin pressures from its ultra-low-priced blind box products (9.9 yuan) which account for 18.6% of revenue, and lacks the brand recognition and self-developed IP of competitors like Pop Mart and Lego.

03/19/2026, 7:36 AM • Benzinga

China Cultivates 'Joy Economy' With New Focus On Contentment

China is shifting economic focus from aggressive GDP growth targets to a 'joy economy' centered on affordable consumer indulgences and psychological contentment. Chinese consumers are trading down from big-ticket purchases to small luxuries like bubble tea and collectible toys. The government is actively supporting this transition through policy changes, recognizing that domestic consumption and soft power through cultural exports can drive economic growth while improving citizens' emotional well-being.

03/18/2026, 9:27 AM • Benzinga

'China's Netflix' Looks For Stardom In New Theme Park Business

iQiyi, China's leading streaming platform, has launched immersive theme parks to diversify revenue streams amid seven quarters of declining revenue and CFO departure. The first iQiyi Land in Yangzhou sold out on opening day, with two more parks under construction in Beijing and Kaifeng. The company joins competitors like Pop Mart, Miniso, and Netflix in leveraging IP through experiential venues, though iQiyi's parks are significantly smaller and cheaper than traditional theme parks.

02/20/2026, 8:38 AM • Benzinga

以人为本：中国最优秀的企业如何引领转型浪潮

China's workplace is undergoing rapid transformation amid a shrinking working-age population and intense talent competition. The HR Asia Best Employer Awards recognize 27 Chinese and multinational companies that are leading through innovation, employee-centric practices, skill development, and technology adoption. These award-winning organizations are redefining employer standards by prioritizing employee empowerment, flexible work arrangements, and career development in a competitive market.

01/16/2026, 1:49 PM • GlobeNewswire

Turtle tempest: Can Playmates Toys Fight back After Losing Its Prized Ninjas?

Playmates Toys will lose its exclusive 37-year licensing agreement to produce Teenage Mutant Ninja Turtles toys at the end of 2026. The loss of this key revenue driver, which accounted for 36% of revenue in H1 2025, comes as the company faces significant headwinds including a 58% revenue decline and shift into losses. The company plans to diversify into other franchises like Power Rangers and MonsterVerse while competing against emerging Chinese toy makers.

12/31/2025, 10:02 AM • Benzinga

China's Pop Toy Market Is No Child's Play: Miniso Spinoff Top Toy Files For Hong Kong Listing

Top Toy, a spinoff of Miniso, filed for a Hong Kong IPO, aiming to compete in China's growing pop toy market. The company ranks third domestically and seeks to challenge market leader Pop Mart by developing more of its own intellectual property.

10/09/2025, 7:49 AM • Benzinga

Why Miniso Stock Skyrocketed by 20% on Friday

Chinese retailer Miniso reported strong Q2 earnings with 23% revenue growth and 11% increase in non-GAAP net income, exceeding analyst expectations and driving its stock price up over 20%.

08/22/2025, 7:02 PM • The Motley Fool