Local drama Emerald Hill to premiere in China after Shanghai Media Group acquisition
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
9 hours ago
- CNA
China's Pop Mart, maker of the Labubu doll, says profit soars nearly 400% in first half
SHANGHAI: China's Pop Mart, which has taken the world by storm with its ugly-cute Labubu doll, reported a nearly 400 per cent first-half net profit on Tuesday (Aug 19) on high demand for the toys and a shift towards higher-margin overseas markets. Net profit of 396.5 per cent and a 204.4 per cent jump in revenues exceeded numbers flagged in an earnings preview last month, forecasting revenue growth of 200 per cent in the first half of 2025 and a recurring net profit increase of at least 350 per cent on the year. Shares in Pop Mart have risen more than 200 per cent year-to-date, making the Chinese toy company more valuable than traditional industry giants like Barbie-maker Mattel and Hello Kitty parent company Sanrio. Pop Mart often sells its collectable figurines in so-called "blind boxes" with buyers not knowing the exact design they will receive until they open the packaging. One of the major drivers of the toothy-grinned Labubu's success has been its popularity with celebrity fans, who include Lisa of K-pop group Blackpink, singer Rihanna and ex-football star David Beckham. Pop Mart is pledging to increase the supply of the dolls, which have sold out in stores around the world. Its CEO, Wang Ning, in an interview with Chinese state media last month, said sales of Labubu will surpass 10 million units per day from September this year. Pop Mart classifies Labubu under its The Monsters intellectual property (IP) characters. It said on Tuesday that The Monsters raked in 4.81 billion yuan (US$669.88 million) in the first half, accounting for 34.7 per cent of total revenue. Four other IPs earned over 1 billion yuan during the period, including Molly and Crybaby, it added. The company now has 571 stores - 40 of which it opened in the first half of this year - as well as 2,597 automated robot shops across 18 countries and regions, it added.
AsiaOne
9 hours ago
- AsiaOne
Daily roundup: Premium mid-sized SUVs for the young executive — and other top stories today, World News
Stay in the know with a recap of our top stories today. 1. Premium mid-sized SUVs for the young executive Once upon a time, an executive working his way up the corporate ladder would aspire to own something like a BMW 3 Series or a Mercedes-Benz C-Class as his first car. Indeed, the executive sedan has long been seen as a status symbol, and viewed as a first step on what is hopefully an upward trajectory on the path of success... » READ MORE 2. Indie darling The Projector announces immediate closure Singaporeans will have one less cinema brand to patronise now as The Projector has brought down its curtain after a decade. The independent cinema and arts venue announced the sudden news in an Instagram post on Aug 19 and shared that it will enter voluntary liquidation... » READ MORE 3. Man finds missing bike after 3-hour search in Jurong, warns thief: 'I'll find you next time' While many would have simply reported their missing bike to the police, this man found success after taking matters into his own hands. A man spent three hours scouring housing estates to find his missing bicycle, which he claimed was stolen, according to a video posted to TikTok by user Jarrenfilms on July 30... » READ MORE 4. Health alert: Jet Li undergoes surgery, Jackson Wang cancels fan-sign after getting food poisoning Jet Li revealed he underwent surgery recently. In a Douyin post yesterday (Aug 17) morning, the 62-year-old China-born action star, who has been Singaporean since 2009, posted two photos with one of him lying on a hospital bed and another taken from outside the operating theatre... » READ MORE editor@
CNA
11 hours ago
- CNA
CNA938 Rewind - Celebrating Singapore's Retro Dance Party Culture with DJ Aldrin and the Mambo Prince
CNA938 Rewind - Celebrating Singapore's Retro Dance Party Culture with DJ Aldrin and the Mambo Prince In 'Culture Club', Melanie Oliveiro examines deejay and retro dance party culture with DJ Aldrin, a pioneer of Singapore's electronic music scene and dancer, Claudio Chock, fondly known as the Mambo Prince. The multiple award-winning DJ Aldrin, will talk about his career so far and clubbing trends he's noticed through the decades. Chock will talk about how he lit up the dance floor at Zouk's popular Mambo Nights for the past two decades. Vinnie Quek - co-founder of content cooperative, Bassis Asia, will talk about how both creatives will be performing at SquareRoom - a one-night-only retro dance party at the newly revamped D'Marquee @ Downtown East.
