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Pop Mart small home appliance products have begun large-scale stockpiling.
On March 25, during Pop Mart’s earnings call, Chairman and CEO Wang Ning said that it will launch IP-based derivative small home appliance products in April and sell them on e-commerce platforms such as JD.com.
It is understood that Pop Mart’s core contract manufacturer for small home appliances is Xinbao Co., Ltd., and their cooperation model is mainly production under an OEM model. Currently, the product categories include electric kettles, coffee makers, electric toothbrushes, hair dryers, and more. At this stage, they have entered the large-scale stock preparation phase, and the planned target markets may be first in China, then overseas. (Blue Orca News)