Next month, launching IP small home appliances, initially targeting the domestic market.

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March 26, 2026

Next month, launching IP-themed small home appliances, first in China

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Pop Mart (09992) Chairman and CEO Wang Ning announced that in April, they will launch derivative small home appliances centered around IP, which will be sold on e-commerce platforms such as JD.com (09618). Mainland Chinese media quoted insiders as saying that the core OEM manufacturer for Pop Mart’s small home appliances is Xinbao Co., Ltd. (002705.SZ), a listed company on the A-share market.

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It is understood that the cooperation model between the two parties mainly involves OEM production, and currently, small home appliances…

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