

Group 1 - The core viewpoint of the articles highlights the significant growth and market potential of Chinese companies like Pop Mart and Card Game in the overseas market, driven by cultural elements and effective market strategies [1][4]. - Pop Mart's stock price has surged over 120% this year, with a remarkable increase of 349.60% in 2024, outperforming the Hong Kong Hang Seng Index, which rose by 17.67% during the same period [1]. - The popularity of Pop Mart's IP LABUBU has led to its app reaching the top of the US App Store shopping chart, indicating strong consumer engagement and demand [1]. Group 2 - The emergence of the secondary market for IP-based products, such as blind boxes and trading cards, has seen a rapid increase in the number of related companies, exceeding 6.67 million, with 96.7% established in the last five years [2]. - Card Game's revenue reached a historical high of 10.057 billion yuan in 2024, with a significant increase in sales volume of collectible cards, indicating strong market performance [3]. - Pop Mart's overseas revenue accounted for nearly 40% in 2024, with Southeast Asia and North America showing exceptional growth rates of over six times and five times, respectively [4]. Group 3 - The strategic focus on overseas expansion is evident, with Card Game collaborating with Hasbro for global licensing of the "My Little Pony" series, targeting markets in Japan, South Korea, and Southeast Asia [4]. - The overseas sales revenue of Blokku increased by 518.2% in 2024, although it still represents a small portion of overall revenue, indicating potential for future growth [4]. - Analysts emphasize the need for innovation in manufacturing and technology for cultural IP products to succeed in international markets, reflecting a shift from mere manufacturing to brand creation [5].