New Money: China's designer toy market grows at warp speed as need for spiritual consumption rises

New Money: China's designer toy market grows at warp speed as need for spiritual consumption rises

China's designer toy market is getting new attention after Beijing-based creative toymaker POP MART filed for a Hong Kong IPO in June.

Global consulting company Frost & Sullivan estimates the size of China's designer toy retail market stands at 20.7 billion yuan in 2019, while it was 6.3 billion yuan in 2015, which translates to a compound annual growth rate of 34.6 percent.

Loading...