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Businessbloomberg14d ago

China Pledges Support for Steel Sector and IP Consumption

China's government has voiced support for intellectual property consumption, leading to a rise in Pop Mart shares, and has also vowed measures to support the steel sector, causing iron ore prices to increase. The country is also targeting steel and refining capacity.

Merodi debut in Hong Kong shows Pop Mart’s struggle beyond IP darling Labubu
BusinessSCMP19d ago

Merodi debut in Hong Kong shows Pop Mart’s struggle beyond IP darling Labubu

At Pop Mart’s shop in Hong Kong’s bustling Causeway Bay shopping district, a display of the toymaker’s newly launched character, Merodi, drew little attention on Friday morning. “A few people are buying it,” a salesperson said. “It’s not very well known yet.” The new series, Merodi After School, features a mischievous little girl with the magical ability to talk to animals. It was created by Taiwanese artist Will Chen Wei-hua. The launch came two months after Pop Mart’s previous debut,...