乐自天成港股IPO招股书失效
Zhi Tong Cai Jing·2025-11-23 23:15

Core Viewpoint - Lezi Tiancheng Cultural Development Co., Ltd. is a leading IP toy company in China, with a strong market position and a comprehensive operational strategy covering the entire industry chain [2] Group 1: Company Overview - Lezi Tiancheng submitted its Hong Kong IPO prospectus on May 22, which became invalid after six months on November 22, with Citigroup and Huatai International as joint sponsors [1] - As of December 31, 2024, the company owns over 100 proprietary and licensed IPs, ranking second among multi-category IP toy companies in China by GMV and third overall in the IP toy sector [2] Group 2: Operational Strategy - The company is one of the few in the industry that operates across the entire industry chain, from IP incubation and development to product design, flexible supply chain management, and comprehensive sales channels [2] - By utilizing flexible supply chain management, the company maintains an efficient and scalable operational structure, enabling continuous product launches of popular licensed IPs such as Crayon Shin-chan and Tom and Jerry [2]

乐自天成港股IPO招股书失效 - Reportify