Group 1 - Honor Mobile is set to collaborate with Pop Mart for an IP co-branding initiative [1]

Group 1 - Honor Mobile has confirmed a collaboration with Pop Mart for the digital 500 series, marking it as the industry's first trendy toy phone [1] - The new device is set to be unveiled on January 19 [1]

Core Viewpoint - Recently, a digital technology blogger revealed that Pop Mart is likely to launch a "trendy toy phone" in collaboration with a relatively young mainstream mobile brand. However, Pop Mart has stated that there are no plans to develop a phone, but they will be launching an IP co-branding collaboration with a well-known mobile brand [1]. Group 1 - Pop Mart is rumored to be collaborating with a young mainstream mobile brand for a new product launch [1] - The company has clarified that it does not have plans to develop its own mobile phone [1] - An IP co-branding collaboration with a well-known mobile brand is expected to be announced soon [1]

Core Viewpoint - Suplay Inc., a high-end collectible card company, has submitted its IPO application amid a cooling market for Hong Kong consumer stocks, with Morgan Stanley and CICC as joint sponsors [1] Group 1: Company Overview - Suplay specializes in IP collectibles and consumer products, focusing on collectible cards priced over 10 yuan, with a limited issuance strategy that combines artistic quality and collectible value [1] - The flagship brand of Suplay is "Kaka Wo," and it ranks first in China's collectible non-combat card market by GMV for 2024, surpassing the combined total of the second and third-ranked companies [1] - Suplay is the only Chinese brand among the top five global collectible non-combat card brands [1] Group 2: Leadership and Growth - The founder and CEO of Suplay, Huang Wanjun, is 32 years old and has a background as an analyst and operations director [1] - Since its establishment in 2019, Suplay has completed five rounds of financing, with its post-money valuation increasing from 5 million USD in 2020 to 100 million USD in 2025, representing a 20-fold increase over five years [1][2] Group 3: Financial Performance - Suplay's revenue for 2023, 2024, and the first three quarters of 2025 is projected to be 146 million yuan, 281 million yuan, and 283 million yuan, respectively, with net profits of 2.949 million yuan, 49.915 million yuan, and 37.074 million yuan [3] - The revenue share from Suplay's proprietary IP products has been declining, with contributions of 40.6%, 14.4%, and 4.1% of total revenue for the respective years [3] Group 4: Strategic Plans - The funds raised from the IPO will be used to expand collaborations with leading IP licensors, continue developing proprietary IP, innovate and diversify product offerings, enhance sales networks, strengthen brand operations, and seek strategic investments and acquisitions [3]

Core Viewpoint - There are market rumors that Pop Mart (9992.HK) is planning to enter the smartphone market with a "trendy toy phone" in collaboration with a youthful mainstream smartphone brand, but the company has confirmed it has no plans to develop a phone [1] Group 1 - Pop Mart will launch an IP collaboration with a well-known smartphone brand, but it is not developing its own phone [1] - As of January 12, 14:17, Pop Mart's stock price was HKD 198 per share, reflecting a 0.51% increase, with a total market capitalization of HKD 265.9 billion [1]

Core Insights - The article discusses the emergence of AI toys, particularly highlighting the AI pet robot "mirumi" from Yukai Engineering, which gained significant attention at CES 2026, indicating a shift in the toy industry towards emotional interaction rather than static display [1][3] - Major tech companies like JD.com, ByteDance, and Huawei are recognizing the potential of the AI toy market and are actively investing in this sector [4][6] Industry Trends - The AI toy market is projected to grow at a compound annual growth rate (CAGR) of approximately 14%-16% over the next decade, potentially exceeding $60 billion by 2034 [7] - In China, the AI toy market is expected to surpass 10 billion yuan by 2030, with an annual growth rate exceeding 70% [7] - Traditional toy sales are experiencing a decline, with a reported 0.6% drop in sales in 2024, prompting a shift towards smarter, AI-integrated products [8] Company Developments - JD.com hosted an AI toy conference in July 2025, attracting over 600 manufacturers, and has seen significant sales of AI toys, with products like Fuzozo selling out quickly [4][6] - ByteDance launched its AI companion toy "Xianyan Bag" in 2024, which utilizes advanced AI technologies for interaction, and has seen substantial sales growth in its AIoT products [6] - Huawei's collaboration with Luobo Smart resulted in the launch of the AI emotional companion product "Smart Hanhai," which also sold out rapidly upon release [6] Market Dynamics - The demand for traditional toys is expected to weaken over time, pushing the industry towards increased intelligence and AI integration, which could enhance both volume and pricing [8] - AI toys are gaining traction due to their capabilities in interaction, companionship, and education, appealing to a broader age demographic [8][9] - The market penetration of AI toys is anticipated to increase as the target audience expands from children and teenagers to all age groups [9]

Group 1 - The core message is that Pop Mart has no plans to develop a "trendy toy phone" despite market speculation, and will instead collaborate with a well-known mobile brand for an IP co-branding project [1][2] - A blogger previously claimed that Pop Mart would launch a "trendy toy phone" this month, which has been refuted by the company [2]

Core Viewpoint - Recently, a digital technology blogger revealed that Pop Mart is expected to launch a "trendy toy phone" in collaboration with a relatively young mainstream mobile brand. However, Pop Mart has denied any plans to develop a phone, stating that they will instead collaborate with a well-known mobile brand for an IP co-branding project [2]. Group 1 - Pop Mart is rumored to be launching a "trendy toy phone" in collaboration with a young mainstream mobile brand [2] - Pop Mart has clarified that there are no plans to develop a phone [2] - The company will engage in an IP co-branding collaboration with a well-known mobile brand [2]

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。 ...

Core Viewpoint - Recently, a digital technology blogger claimed that Pop Mart would launch a "trendy toy phone" in collaboration with a youthful mainstream mobile brand. However, Pop Mart has denied any plans to develop a phone, stating that it will instead collaborate with a well-known mobile brand for an IP co-branding project [1][1]. Group 1 - A digital technology blogger reported that Pop Mart is expected to release a "trendy toy phone" this month [1]. - Pop Mart representatives clarified that the company does not have plans to develop a phone [1]. - The upcoming collaboration will focus on an IP co-branding project with a recognized mobile brand [1].