
Core Insights - The Chinese潮玩 (trendy toys) industry is experiencing significant growth in international markets, with brands like Pop Mart and 52TOYS gaining popularity among foreign buyers [1][2] - The overseas sales of潮玩 have surged, with Pop Mart's GMV increasing by 300% in the first half of the year, and its overseas market performance growing nearly 480% [2][3] - The global潮玩 market is in a rapid expansion phase, with a projected growth from 631.2 billion yuan in 2019 to 993.7 billion yuan by 2028, reflecting a compound annual growth rate of 5.2% [3] Market Trends - The recent overseas 618 shopping festival saw Pop Mart's live stream attract 240,000 viewers, indicating a strong demand for潮玩 [1] - The success of潮玩 brands is attributed to their unique designs and limited edition releases, which resonate well with overseas consumers [2][3] - Social media platforms play a crucial role in promoting潮玩 culture, with significant user engagement driving sales [2] Strategic Recommendations -潮玩 companies are encouraged to adopt an "IP thinking" approach, focusing on creating and licensing innovative IPs to enhance their market presence [4][5] - Expanding into diverse commercial avenues beyond product sales, such as IP licensing and adaptations, can unlock larger market opportunities [6] - Companies like Aofei Entertainment are already leveraging their popular IPs to diversify into animation, licensing, and theme parks, showcasing the potential for a full industry chain [6] Challenges and Considerations - Despite the growth,潮玩 brands face challenges related to cultural differences, aesthetic preferences, and consumer habits in various regions [3] - Maintaining product quality and innovation is essential to prevent imitation and ensure the longevity of IPs in the competitive market [8] - The balance between rapid expansion and quality control is critical for潮玩 brands to transition from "phenomenal hits" to "global classics" [8]