人民财讯1月12日电，针对今日数码博主爆料"泡泡玛特将推出潮玩手机"的传言，泡泡玛特相关负责人1 月12日对证券时报表示，公司没有研发手机的计划，近期会和知名手机品牌推出IP联名合作。 ...

对此，泡泡玛特相关人士向新浪科技回应称："公司没有研发手机的计划，近期会和知名手机品牌推出 IP联名合作。"（闫妍） 责任编辑：宋雅芳 责任编辑：宋雅芳 新浪科技讯 1月12日下午消息，近日，有数码科技博主爆料称，本月泡泡玛特会推出"潮玩手机"，大概 率会与一家比较年轻化的主流手机品牌合作。 新浪科技讯 1月12日下午消息，近日，有数码科技博主爆料称，本月泡泡玛特会推出"潮玩手机"，大概 率会与一家比较年轻化的主流手机品牌合作。 对此，泡泡玛特相关人士向新浪科技回应称："公司没有研发手机的计划，近期会和知名手机品牌推出 IP联名合作。"（闫妍） ...

Investment Rating - The report maintains a "Buy" rating for the durable consumer goods industry [1] Core Insights - The report anticipates a long-term consumer bull market driven by new consumption trends, with four main themes expected to lead the way: AI+ consumption, overseas expansion, emotional value, and silver economy [1][8] - Historical cycles indicate that the A-share market exhibits 3-4 year cyclical fluctuations, with technology, cyclical consumption, and manufacturing rotating sequentially [1] - The report draws parallels between the upcoming "anti-involution" reforms starting in July 2025 and the "supply-side" reforms initiated in October 2015, suggesting similar transmission paths despite differing contexts [1] Summary by Sections 1. Consumer Outlook for 2026 - The report highlights that the consumer bull market led by new consumption will differ from the 2016-2019 period, focusing on AI+ consumption, overseas expansion, emotional value, and silver economy as key growth areas [8] - AI+ consumption is expected to be a major opportunity throughout 2026, with significant advancements in technology and consumer engagement [12] - The overseas expansion of brands is seen as a critical growth driver, particularly as urbanization rates plateau and the focus shifts to international markets [23] - Emotional value consumption is projected to grow significantly, driven by changing demographics and economic conditions, with sectors like pet care and collectibles gaining traction [28] - The silver economy is anticipated to reach a market size of 71 trillion yuan by 2023, with substantial growth expected as the aging population increases [40] 2. Sector Performance Tracking - The report tracks various sectors, indicating a mixed outlook: - Trend toys are showing upward momentum, with companies like Pop Mart leading the market [43] - The new tobacco sector is expected to benefit from regulatory tightening, favoring compliant manufacturers [45] - The home goods sector is experiencing pressure from weak real estate transactions, but there are signs of stabilization [47] - The paper and packaging sector is seeing price fluctuations, with expectations of recovery as supply tightens [49] - The pet food market is evolving, with a shift towards premium products and increased focus on health and wellness [31] 3. Key Data and Trends - The report provides insights into key data trends, such as the significant growth in the 3D printing market, which is projected to reach $24.61 billion by 2024 [17] - The export of 3D printers from China has seen substantial increases, with a year-on-year growth of 136.2% in export value [25] - The emotional value market is expected to continue expanding, with pet care and collectibles being highlighted as key areas of growth [28]

出品 | 36氪未来消费（微信ID：lslb168） 离你更近的消费创投一线。 整理 | 肖思佳 Busy Money 沐小马完成近千万元Pre-A轮融资 沐小马近日完成近千万元Pre-A轮融资，投资方为青岛聚康企业管理有限公司。本轮资金将重点用于电机等核心零部件的自研、新产品的研发及推广。 近日，星联未来SATELLAI宣布完成数千万人民币A轮融资。本轮融资由商汤国香资本领投，前轮领投方零一创投（01VC）持续加注，光源资本担任独家 财务顾问。融资将主要用于多模态 AI 技术在宠物健康与安全领域的持续研发、核心产品矩阵升级，以及海外市场的进一步拓展。 星联未来聚焦AI宠物硬件，致力于将智能穿戴创新技术应用于宠物领域，重新定义真智能的宠物硬件产品，打造硬件+数据+生态的综合科学养宠解决方 案。 掌邦食品完成1000万元天使轮融资 沐小马是一个新锐运动消费品牌，围绕"运动 生活 家"的理念，为用户塑造健康活力 的美好 生活方式，倡导一种愉悦身心、强身健体，塑造更好的自我 的活力运动，致力于解决居家健身行业中器材使用频率低的问题。 参秘生物 完 成2000 万 元天使轮融资 近日，参秘生物完成2000万元人民币的 ...

Core Insights - The report highlights the rise of Chinese潮玩 (trendy toys) brands in the global market, driven by emotional consumption trends and innovative cultural export models [1][17] - Chinese潮玩 companies are successfully penetrating mature markets in Europe and North America, as well as emerging markets in Southeast Asia, leveraging unique IP operations and efficient supply chains [1][3] Group 1: U.S. Market Dynamics - The U.S. economy is experiencing a "K-shaped" recovery, where high-income consumers show resilience while low-income groups face pressure from inflation and employment fluctuations [2][21] - The "healing economy" trend is gaining traction, with潮玩 products like blind boxes and plush toys providing emotional value and social engagement, leading to increased demand [2][21] - Chinese潮玩 brands, such as Pop Mart, differentiate themselves by offering original IPs and innovative product formats, achieving a price range of $20 to $40, appealing to various income levels [2][21] Group 2: Southeast Asia Market Opportunities - Southeast Asia is viewed as a blue ocean market for潮玩, characterized by a young population, high internet penetration, and strong consumer upgrade intentions [3][4] - The success of Pop Mart's LABUBU toy in Thailand, following a social media endorsement by local celebrity Lisa, exemplifies the alignment of潮玩 with local youth culture [3][4] - Despite challenges such as fluctuating external tariffs and internal political complexities, Chinese brands are advancing into this market with localized designs and a multi-channel approach [3][4] Group 3: Company Strategies and Differentiation - Pop Mart focuses on building a comprehensive IP ecosystem, from creation to sales, aiming to transform short-term trends into long-lasting IPs through various media [4][5] - Miniso leverages its global retail network and supply chain efficiency to act as a high-efficiency IP monetization platform, enhancing store performance through strategic IP collaborations [4][5] - TOP TOY, as a rising player, benefits from synergies with Miniso, focusing on product development while utilizing Miniso's sales channels for rapid market expansion [5][6] Group 4: Cultural and Economic Shift - The success of Chinese潮玩 brands signifies a shift from "Made in China" to "Emotional Brands from China," emphasizing universal emotional connections rather than relying solely on traditional cultural narratives [6][17] - Chinese companies are combining mature supply chains with innovative business models and original designs, transitioning from traditional manufacturing roles to becoming key players in the global潮玩 industry [6][17]

1月9日晚间消息，今日泡泡玛特旗下POP MART Gallery在社交媒体上发文表示，即将正式开馆。 据介绍，POP MART Gallery是泡泡玛特聚焦当代IP文化与潮流艺术的展览空间。 POP MART Gallery表示，"我们以艺术家和IP形象为核心，关注大众文化的持续演进，通过展览与跨界 合作，将创意能量转化为具有时代表达的现实场景，实现青年文化精神在当代生活中的激活。空间位于 北京798艺术区，将持续性地为公众举办展览，并提供交流的公共接口。"（闫妍） 责任编辑：陈钰嘉 ...

用IP连接情感，用场景创造快乐。这场从"卖货"到"造梦"的跨越，或许真的能诞生一个属于中国的"迪士尼"，但长路仍漫漫。 从2013年靠优质低价席卷市场的"十元店"，到2025年全球门店超8000家的零售巨头，名创优品靠渠道优势实现了规模的极致扩张。 然而，当大多数人为"渠道帝国"惊叹时，叶国富却清晰地看到繁荣背后的隐忧——存量博弈时代，单纯的规模优势难以为继。 于是，叶国富毅然选择"壮士断腕"，以承受短期转型阵痛为代价，押注IP生态赛道，试图完成从"卖商品"到"卖文化"的核心跨越。而这条承载着他IP野心 的转型之路，注定绕不开一个强劲对手——王宁麾下的泡泡玛特。 一个是从渠道端向上延伸的"零售巨无霸"，一个是从内容端向下生长的"潮玩鼻祖"，两者的交锋，将不仅是商业版图的争夺，更关乎"造梦权"的争夺。 叶国富十年布局 "家人们，我们正处在中国IP崛起的黄金时代……未来十年，我们要带领100个中国IP走向世界，亲手打造世界级的IP。" 叶国富在2026新年寄语《以IP为帆，向世界出发》中喊出了要成为"全球领先的IP运营平台"的口号，同时也为名创优品锚定了从"零售公司"到"文化创意集 团"的转型方向。 此前，10月 ...

泡泡玛特(09992)发布公告，于2026年1月9日，公司根据首次公开发售后股份奖励计划的条款向承授人 授出代表相同数量相关股份的5.2万份奖励，但须待接纳后方可作实。 ...

智通财经APP讯，泡泡玛特(09992)发布公告，于2026年1月9日，公司根据首次公开发售后股份奖励计划 的条款向承授人授出代表相同数量相关股份的5.2万份奖励，但须待接纳后方可作实。 ...

格隆汇1月9日丨泡泡玛特(09992.HK)宣布，于2026年1月9日，公司根据首次公开发售后股份奖励计划的 条款向承授人授出代表相同数量相关股份的52,082份奖励，惟须待接纳后方可作实。 ...