logo
Can Legoland Shanghai live up to expectations amid a slowing economy?

Can Legoland Shanghai live up to expectations amid a slowing economy?

CNA04-07-2025
Legoland Shanghai is set to officially open on Jul 5. With China under pressure to boost domestic consumption, the success of a theme park like this could serve as a very visible barometer of whether those measures are working. But in a city that already has a Disney resort on the other side of town, can Legoland Shanghai live up to the expectations? CNA's Tan Yew Guan takes a look.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Creators of hit video game Black Myth: Wukong announce sequel featuring legendary ghost slayer Zhong Kui
Creators of hit video game Black Myth: Wukong announce sequel featuring legendary ghost slayer Zhong Kui

CNA

time2 hours ago

  • CNA

Creators of hit video game Black Myth: Wukong announce sequel featuring legendary ghost slayer Zhong Kui

BEIJING: The creators of Black Myth: Wukong, the action role-playing video game that took the gaming world by storm and stamped China's mark on global game development, have announced a new entry in the series that has once again sparked excitement among fans. Chinese studio Game Science introduced Black Myth: Zhong Kui at the Gamescom conference in Cologne, Germany on Tuesday (Aug 19). A near-two-minute teaser trailer featured the titular character Zhong Kui, a deity in Chinese mythology traditionally regarded as a vanquisher of ghosts and evil beings. He is often portrayed as a towering figure with a big black beard, bulging eyes and a wrathful expression. Beyond confirming that the game is in early development and will similarly be steeped in Chinese mythology like Black Myth: Wukong, Tencent-backed Game Science has yet to release any gameplay footage or even a rough release date. The studio said on its website that it is the company's 'tradition' to report its progress to players every Aug 20, and that 'this year is no exception'. While the announcement took place on the evening of Aug 19 in Cologne, it was already Aug 20 in China, aligning with the studio's chosen date. Game Science has traditionally released new content or teasers for the Black Myth series on Aug 20 each year. In 2020, it unveiled a 13-minute gameplay trailer for Black Myth: Wukong, followed by additional gameplay footage and an in-game cutscene in subsequent years. The game was officially released on Aug 20, 2024. However, the game is 'little more than an empty folder at this stage', said Game Science, adding that it was 'not even done with the outline yet'. 'There's hardly any game footage we could share. To keep all hands focused on development, we decided to deliver a CG (computer graphics) short to let everyone know that a new project has kicked off,' the studio wrote in an FAQ section on its website. Black Myth: Zhong Kui will be released on PC and all 'mainstream' console platforms, Game Science said. SPIRITS STIRRED, FANS THRILLED Game Science uploaded the teaser to its official social media platforms, including Chinese microblogging site Weibo, where it quickly drew an enthusiastic response. The hashtag 'Black Myth' surged to the top of Weibo's hot search list, racking up nearly 18 million concurrent views as fans expressed excitement over the upcoming sequel. A popular Chinese gaming blogger, Zhang Jia, who has more than 1 million followers on Weibo, shared clips of non-Chinese gamers reacting to the announcement of Black Myth: Zhong Kui. "The hype … is real, the foreigners are going crazy when they showed Black Myth: Zhong Kui on the big screen,' he wrote. But Zhang believes Zhong Kui's mythology may be "more difficult" for non-Chinese players to digest compared to Journey to the West, the classic Chinese epic that inspired Black Myth: Wukong and is more widely known internationally. Black Myth: Wukong follows the Journey to the West character known as the Monkey King or Sun Wukong, as he embarks on a quest to reclaim six magical relics. Game Science has said it's still 'exploring and experimenting' with the 'concrete differences' between Wukong and Zhong Kui. 'So take it easy, let us impress ourselves first before we serve it to you,' it wrote on its website. Even as anticipation builds, it remains to be seen whether Black Myth: Zhong Kui can replicate the success reaped by its predecessor. Black Myth: Wukong saw more than 4 million people add the title to their wishlists on Steam before its launch, making it the most 'wishlisted' game on the digital platform in early 2024. Physical editions were also sold out within seconds on Chinese e-commerce platform The game reached more than 2.2 million peak concurrent users (PCCU) on Steam within its first 24 hours, making it the most popular single-player game by that metric in the platform's history, according to video game research firm Niko Partners. It ranks second among all types of games by PCCU, coming in just behind battle royale game PUBG which peaked at 3.2 million.

China's Pop Mart, maker of the Labubu doll, says profit soars nearly 400% in first half
China's Pop Mart, maker of the Labubu doll, says profit soars nearly 400% in first half

CNA

timea day 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.

Daily roundup: Premium mid-sized SUVs for the young executive — and other top stories today, World News
Daily roundup: Premium mid-sized SUVs for the young executive — and other top stories today, World News

AsiaOne

timea day 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@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store