商业秘密｜宝可梦卡牌价格飙涨至万元级，是收藏风口还是投资泡沫？

Core Insights - The market for Pokémon trading cards is experiencing rapid price increases, particularly for rare cards, with some prices rising from a few thousand to over ten thousand yuan within a year [2][4] - The investment interest in trading cards is growing, with various companies in the sector pursuing financing and IPOs, indicating a shift towards viewing cards as both collectibles and investment assets [9][11] Market Trends - The secondary market for Pokémon cards has seen significant price surges, especially for limited edition and special collaboration cards, driven by scarcity and market demand [2][4] - The Pokémon brand is expanding its presence in China through official venues and events, enhancing community engagement and user experience [6][11] Investment Dynamics - Several companies in the trading card industry are actively seeking funding or preparing for public listings, reflecting the increasing capital interest in the sector [9][11] - The trading card market is evolving towards a dual value proposition of collection and investment, attracting institutional investors due to its high margins and user retention potential [11][14] Regulatory Considerations - The trading card industry faces compliance risks, particularly concerning the protection of minors, which could impact companies' ability to engage with capital markets [12][17] - Regulatory scrutiny is increasing, with potential requirements for age verification and restrictions on high-value card sales to minors [17]