Group 1 - The core sales data for 2025 from Pop Mart indicates that global sales of all IP and product categories have exceeded 400 million units, with THEMONSTERS category alone surpassing 100 million units [1] - Pop Mart's founder Wang Ning announced that by 2025, the company will have over 10,000 global employees, more than 100 million registered members, and LABUBU's annual sales will exceed 100 million units [1] - The company operates in over 100 countries and regions, with more than 700 global stores and six major supply chain bases [1] Group 2 - Huaxi Securities predicts that the high prosperity of emotional consumption will continue into 2026, with the Z generation gradually shifting from product consumption to a combination of product and emotional consumption [2] - The report highlights that service consumption is becoming a crucial driver for domestic demand, with policies emphasizing the potential of service consumption in areas like elderly care, childcare, tourism, and duty-free shopping [2] - The commercial application of AI is expected to accelerate, as evidenced by Meta's acquisition of the Chinese AI company Manus for billions, indicating a potential new wave of development in AI and consumer services [2] Group 3 - The Hong Kong Stock Connect Consumption ETF from Huaxia tracks the CSI Hong Kong Stock Connect Consumption Theme Index, which includes leading companies in traditional service industries as well as high-elasticity assets like Pop Mart and others [2]

"马"元素走俏节前消费市场，营造出吉祥喜庆的节日氛围。走进盒马鲜生香港中路门店，喜庆的马年装 饰随处可见，"年货模式"早已开启。货架上，马年礼盒、马年对联福字等成为热销商品，自制烘焙区 内，"马上来钱"轻甜马卡龙成为年轻人心头好。据销售人员介绍，富有青岛当地特色的"跃马迎春"海鲜 干货礼盒、花饽饽礼盒等销量持续走高。 融入马年生肖元素的黄金饰品、颇具传统文化特色的马年文创、以"马"为灵感创作的系列特色年货…… 2026年春节日益临近，"马年限定"商品走俏青岛市市南区新春市场。近日，记者走访发现，生肖"马"已 经成为今年各类商品设计的核心元素，"一马当先"领跑消费市场。 在万象城负一层的泡泡玛特门店，一款名为"马力全开"的毛绒挂件盲盒引发抢购潮。据该店工作人员介 绍，该系列盲盒汇集了LABUBU、星星人、DIMOO等8个热门IP，自上市以来就颇受关注。"造型可 爱，寓意美好，真是将情绪价值拉满了！"顾客黄莹边挑边说。门店对面，乐高店面大门口早已摆上了 摇钱树、财神爷等包含马年元素的积木装饰玩具，其中名为"骏马鸿图"的马年限定产品更是引起围观。 该产品以骏马元素为核心意象，诠释"马到成功，鸿运当头"的寓意。"过年 ...