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Hong Kong Stocks Post Five-Day Rout; Bloks Surges 41% as Numans Health Flops in Debut
Hong Kong stocks closed (01.10) | The Hang Seng Index fell by 0.92%, Tencent Related stocks plunged across the board, and SUNAC (01918) dropped over 25%.
Hong Kong stocks opened high again today but fell, marking a five-day decline. The three major Indices further widened their losses in the afternoon, each briefly dropping over 1%.
"China's version of LEGO" Budding was listed on the Hong Kong Stock Exchange! The opening surged over 80%. What will be the sustainability of the IP?
① Analysts point out that IP derivatives have transformed from retail to cultural products, attracting a consumer group with high loyalty, high repurchase rates, and high premiums. The commonality between trendy toys and millet tracks lies in the fact that play has risen to become a cultural channel, which serves as a critical barrier for them to navigate market cycles. ② Licensed Intellectual Property (IP) typically does not automatically renew upon expiration, which presents a sustainability risk for Blukoo.
Zheshang: China is at the starting point of the era of spiritual Consumer, with diverse core consumption motivations for trendy products.
In comparison to the starting point of the creative cultural industries in the United States and Japan, China's per capita GDP has exceeded 0.01 million US dollars; currently, there are 0.5 billion pan-Second Dimension users in China, with Generation Z becoming the Consumer Block Orders, and healing/appearance/IP/social being the core consumption motivations for trendy toy products.
"China's version of LEGO" Blokus surged nearly 70% on its first day of listing, with its IP acting as a "booster" for the stock price.
① How did Bluk's dark market performance turn out? ② Why is the company receiving such strong market attention?
Ultraman Toymaker Bloks Jumps 82% in HK After Frenzy Over IPO
