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China's Pop Toy Market Is No Child's Play: Miniso Spinoff Top Toy Files For Hong Kong Listing
Benzingaยท 2025-10-09 11:49
China's third largest pop toy seller, a spinoff of Japanese-style retailer Miniso, has filed for a Hong Kong IPO just five years after its foundingKey Takeaways:Miniso spinoff Top Toy has filed to list in Hong Kong, aiming to leverage its parent's network of 7,000 global stores as it seeks to copy Pop Mart's successA $1.3 billion valuation and growing stable of self-developed intellectual property could boost the toymaker's chances of success in an increasingly crowded fieldWhen entrepreneur Ye Guofu founde ...