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Pop Mart’s Labubus boost China’s soft power as its brands find global appeal

For years, China had an image problem it couldn’t shake off — synonymous with cheap exports, heavy censorship, and a state shrouded in secrecy and scandal. That has been changing as the country strives to burnish its image, rising in soft power rankings, with domestic businesses helping Beijing secure a significant facelift. Chinese coffee chains … Read more

Chinese toymaker Pop Mart’s shares slide despite strong earnings forecast

The global flagship store of Pop Mart, a Chinese toymaker and seller, at Nanjing Road Pedestrian Street on Aug. 16, 2022, in Shanghai, China. Vcg | Visual China Group | Getty Images Shares in Pop Mart International tumbled over 6% on Wednesday after the toymaker issued a bullish first-half earnings forecast. The Beijing-headquartered company is … Read more

99 Speed Mart’s Southeast Asia 500 debut is the latest milestone for the company and its founder, a childhood polio survivor

99 Speed Mart, one of Malaysia’s largest convenience store chains, is one of the newest firms on the Southeast Asia 500, making its debut after its 2024 IPO, Malaysia’s largest in seven years. With $2.2 billion in revenue, 99 Speed Mart generated enough sales to land it at No. 158 on Fortune’s ranking of the … Read more

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