Global Sources’ Post

📱 China's toy market reached RMB 159.8 billion in 2023, with growth expected in both traditional and pop toys. 🏠 Traditional toys focus on education and play, while pop toys, like blind boxes, are growing rapidly, expected to hit RMB 76.4 billion by 2024. 👶 Millennial parents, especially "only-child" generations, are reshaping parenting by valuing playtime for bonding and fun. 🎮 Generation Z drives pop toy demand, seeking limited-edition items for personal and social fulfillment. 🏢 POP MART leads the pop toy sector with blind boxes, leveraging co-branding to attract young, loyal customers. Read more here: https://lnkd.in/gknbSKfA  #ChinaToys #PopToys #TraditionalToys #ToyTrends #PopMart #GenZ #MillennialParents #ToyIndustry #ChinaEconomy #DaxueConsulting #DaxueStories

AKK BABY🌟 Post-Show Reflections: CBME Expo 2024 🌟 📅 Just a few days ago, the bustling halls of the CBME Expo in July 2024 were filled with innovation, networking, and a glimpse into the future of the baby and toddler market. Our team had the privilege of attending this phenomenal event, and we're excited to share our insights with you! 🌐 Expanding Horizons 🌐 The domestic infant and toddler market in China is booming, and it's not just about numbers. It's about the immense potential for growth and the opportunities it presents. We witnessed numerous international brands actively seeking Chinese agents to tap into this vibrant market. 🌏 Global Meets Local 🌏 Not only were foreign brands making their presence felt, but the rise of domestic brands was equally impressive. Their innovative products and commitment to quality are reshaping the landscape of the industry. 💻 Digital Marketing Takes Center Stage 💻 One of the most striking trends we observed was the shift towards digital marketing. Brands are leveraging the power of the internet to reach out to consumers in new and creative ways, making the industry more accessible and engaging than ever before. 🔍 Key Takeaways 🔍 The market is ripe for new players and innovative ideas. Collaboration between international and local brands is key to success. Digital platforms are not just tools; they are the new battleground for market share. 🤝 Looking Forward 🤝 As we reflect on our experience at the CBME Expo, we're inspired by the possibilities that lie ahead. We're eager to explore partnerships, embrace new technologies, and contribute to the thriving ecosystem of the infant and toddler market. 💌 Join the Conversation 💌 What are your thoughts on the future of the baby and toddler market? Let's connect and share our perspectives. Feel free to reach out to us for further discussions or partnerships. #CBMEExpo2024 #BabyMarket #DigitalMarketing #Innovation #ChinaMarket #Networking #IndustryTrends Ningbo AKK BABY CO.,LTD Email: alice.tong@akkbaby.com Whatsapp/Wechat/Phone: 86 139 574 29763 Professional soft toys and baby textile supplier with OEKO-TEX certificate

Due to the immense scope of China, along with both unique consumer behaviours and retail ecosystems, overseas designers are often perplexed on how to enter the market. Here, in conversation with Laura Darmon, KNWLS co-creative director Alexandre Arsenault, and Oscar Ouyang, I delve into key things to consider for independent labels wanting to sell in China. 👉 #Mowalola and #Knwls built up fanbases on Xiaohongshu before then entering limited-time-only retail partnerships to test out the market. 👉 China has BIG discounts on Tmall and Taobao which can leave some small businesses massively out of pocket. 👉 Targeted collabs with useful talents in art and culture can provide really valuable consumer reach. https://lnkd.in/eAtNVGCj

Global market for toys in Nuremberg: Spielwarenmesse inspires its audience with trends and new networking formats https://lnkd.in/dS5Weqp4 #Spielwarenmesse #ToyIndustry #Nuremberg #GlobalToyMarket #ToyTrends #Networking #BusinessGrowth #InnovationInToys #ToyManufacturers #TradeShows #IndustryEvent #ToyBusiness #ToyNetworking #CreativeIndustry #FutureOfToys

China Consumer Industry Review (10) In the Chinese consumer sector, companies seem to be obsessed with IP co-branding. Whether it is milk tea, clothing, or daily necessities, everyone has played with IP co-branding. The sauce-flavored latte jointly launched by Luckin Coffee and Moutai once became a hot topic of discussion among young consumers on social media. Miniso even dubbed itself a "global IP co-branded collection store." Most consumer companies in China lack the ability to attract young customers, whether in terms of product strength or brand value proposition. IP is something that the younger generations are keen to pursue. IP, whether it is Pokémon, Doraemon or Hello Kitty, the stories and derivatives behind them have accompanied and influenced them along the growth of the younger generation, increasing their emotional value. Therefore, they are more willing to pay a premium for products with IP.

🌟 ALUS: Tailored Solutions for Entering and Thriving in Korea’s Beauty Market 🌟 Navigating the Korean beauty industry can be complex, but with ALUS, you're never alone. We offer customized strategies to help brands break into one of the most competitive beauty markets in the world. From regulatory compliance to market positioning, we ensure your brand not only enters the Korean market but thrives. Let’s grow together in Korea’s booming beauty industry! 🛍️💄 #KBeauty #MarketEntry #BrandStrategy #BeautyIndustry #Korea

We are pleased to announce a strategic commercial partnership between INVIS and SAFTA BUSINESS COUNCIL POLAND This collaboration enables INVIS, a producer of high-quality leather smartwatch straps, to enter new markets in SAFTA countries, including Pakistan, India, Sri Lanka, Nepal, Myanmar, and Bhutan—reaching a base market of over 2 billion consumers. Key benefits of the partnership: #MarketAccess: Introducing innovative watch straps with contactless payment functionality to SAFTA countries. #BrandGrowth: Expanding brand awareness in new regions. #BusinessOpportunities: Establishing connections with trade partners and distributors, boosting export sales. SAFTA Business Council Poland supports trade, exports, investments, and business development between SAFTA countries and Polish manufacturers. We are confident this partnership will drive INVIS's growth and strengthen its position in the international market.

China's Hisense International has officially entered the Bangladeshi market by partnering with Fair Electronics to launch the new brand ‘Hisense Bangladesh’. Read for more: https://lnkd.in/gW5NaT5t #hisense #fairelectronics #hisensebangladesh #newbrand #brandnews #brandupdate #brandinsights #brandpractitioners

Any opportunity to meet new people just adds a layer of happiness to my day. Meet us at the Consumer Electronics World Expo on 6,7,8 June. Drive down to Yashobhoomi if you are around. Delve into our Branding and Digital Marketing journey of 1200+ Brands over 19+ years across 20 nations, via 9 Global Languages. #conceptualise #vineetbaveja #digitalmarketing #branding #businessgrowth #howareyoudoing

Adaptability and Innovation!! South Korea transformed into a technology-savvy nation through strategic investments in education, infrastructure, and innovation. Post-Korean War, it prioritized education, reducing illiteracy from 78% to 4% within a decade. For example, LG Electronics began as a cosmetic company, Luk- Hui, with its first product, the Lucky Facial Cream, launched in 1947. This cream was pivotal in establishing the brand, which later expanded into various sectors, including electronics and household goods. Over the years, LG evolved into a global leader in the tech industry & electronic goods. In 1958, the company expanded into electronics under the name Goldstar. By 1983, it merged the two brands into "Lucky Goldstar." To enhance its global presence and simplify branding, it rebranded to "LG" in 1995, which is also associated with the slogan "Life's Good. South Korea's industrial strategy significantly influenced LG's evolution into a global company. The government's focus on export-driven growth and technology development provided a supportive environment for LG's expansion. Policies encouraged innovation and infrastructure development, allowing LG to invest in research and development, particularly in electronics and chemicals. Today, LG is a major global technology leader with operations in electronics, chemicals, and telecommunications LG's ability to adapt to market changes and invest in new technologies, such as AI and eco-friendly products, has kept it competitive and relevant in the global market. This is lessons to be learned by every leader. The world is changing very fast. #adaptability #innovation