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TOP TOY
Culture surface · Retail

MINISO's blind-box chain is its bet on China's collectible-toy boom, chasing Pop Mart with a broader, cheaper assortment — revenue jumped 45% in 2024 and MINISO is now spinning it toward a Hong Kong IPO.

MinisoNYSE:MNSO · Miniso turned character-IP collabs and blind-box impulse buys into a global store network — Sanrio, Disney, and Chiikawa merch you didn't plan to buy, plus its own TOP TOY chain.

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