Asia Tonight - Sat 28 Jun 2025
Asia Tonight
About the show:
Top stories of the day with 'live' reports and interviews to keep you up-to-date on what's happening in one of the most dynamic regions of the world.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
6 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.
CNA
7 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.
CNA
7 hours ago
- CNA
CNA938 Rewind - The Moving Stories Behind Fashion for Cancer 2025
CNA938 Rewind - The Moving Stories Behind Fashion for Cancer 2025 In 'Made in SG', Melanie Oliveiro finds out what's new about Fashion For Cancer or FFC 2025, a charity fashion show with cancer survivors as runway models. Vanessa Ong, FFC 2025's fund raising committee member, will reveal how the team chose this year's cancer survivors and ambassadors who'll be dressing up for the runway show. Ong will also say how much FFC aims to raise to fund cancer research and patient support. Cancer survivor and artist, Melissa Tan, will talk about her role as an FFC fund raising partner and Linda Pennington will describe what's expected of her as an FFC 2025 model ambassador, among other roles.
