Core Insights - The surge in demand for merchandise related to animated films, particularly driven by popular IPs like "Zootopia 2" and "Nezha 2," is significantly boosting the cultural and creative consumption market in China [1][4][16]. Group 1: Market Trends - The "Guzi" (millet) economy is expanding, with the market size expected to exceed 240 billion yuan by 2025 and surpass 300 billion yuan by 2027 [9]. - The IP toy consumption market in China is projected to reach approximately 796 billion yuan by 2025, with a compound annual growth rate (CAGR) of about 13.8% from 2020 to 2024 [9]. - The popularity of animated films has led to a dramatic increase in related merchandise sales, with "Zootopia 2" causing a 600% increase in sales of related products on platforms like Taobao [4][6]. Group 2: Company Performance - Pop Mart's stock price reached a peak of 339.8 HKD per share in August 2023, with a market capitalization exceeding 420 billion HKD, although it has since declined to 190.4 HKD per share by December 2023 [3]. - Pop Mart reported a revenue increase of 204.4% year-on-year for the first half of 2025, with net profit rising by 396.5% [11]. - The LABUBU IP, under Pop Mart, achieved a revenue of 48.14 billion yuan, marking a 668% increase year-on-year [11]. Group 3: Consumer Behavior - Consumers are increasingly drawn to products that fulfill emotional needs, with IP collaborations becoming a key marketing strategy for brands [16][20]. - The trend of "emotional consumption" is gaining traction, with consumers favoring products that convey personal expression and emotional connection [16][20]. Group 4: International Expansion - Pop Mart has initiated an international expansion strategy, opening stores in key locations across the UK, Indonesia, and several European cities, with significant revenue growth in these regions [18][19]. - The company reported a staggering 1142.3% revenue increase in the Americas and 729.2% in Europe during the first half of 2025 [18]. Group 5: Industry Challenges - Companies face challenges in international markets, including cultural differences and intellectual property protection, necessitating targeted innovation and quality enhancement [20].

新浪科技讯 12月4日下午消息，时隔九年，《疯狂动物城2》上映，朱迪和尼克重返银幕。淘宝天猫平 台数据显示，电影上映后，"疯狂动物城"相关搜索量环比暴涨超1000%，玩具潮玩行业相关产品销售额 环比增长超600%，消费群体以年轻用户为主。 据介绍，电影上映首日，淘宝相关衍生品搜索量激增，52TOYS推出的"完美拍档"系列盲盒、迪士尼官 方童趣回归玩偶、泡泡玛特MOLLY联名系列、周大福与老凤祥推出的联名黄金饰品等，均成为热搜爆 款。 据介绍，电影上映首日，淘宝相关衍生品搜索量激增，52TOYS推出的"完美拍档"系列盲盒、迪士尼官 方童趣回归玩偶、泡泡玛特MOLLY联名系列、周大福与老凤祥推出的联名黄金饰品等，均成为热搜爆 款。 目前，淘宝上已有超过2万款相关周边商品在售，覆盖潮流玩具、黄金首饰、服饰家居、数码配件等多 元品类。 责任编辑：江钰涵 目前，淘宝上已有超过2万款相关周边商品在售，覆盖潮流玩具、黄金首饰、服饰家居、数码配件等多 元品类。 责任编辑：江钰涵 新浪科技讯 12月4日下午消息，时隔九年，《疯狂动物城2》上映，朱迪和尼克重返银幕。淘宝天猫平 台数据显示，电影上映后，"疯狂动物城"相关搜索量环比 ...