Added to YB: 2025-07-16
Pitch date: 2025-07-14
QSG [bullish]
Here Group Limited
-56.52%
current return
Author Info
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Company Info
Here Group Limited designs and sells pop toys in China. It offers collectible pop toys, such as plush toys and figures under HERE brand.
Market Cap
$1.5B
Pitch Price
$9.43
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.07
P/E
6.15
EV/Sales
0.48
Sector
Leisure Products
Category
special_situation
Wakuku: new Labubu contender? - QuantaSing Group Limited
QSG: Acquired 61% of Letsvan, owner of Wakuku—a viral blind box toy IP rivaling PopMart's Labubu in China's booming market (60B yuan in 2023, 110B by 2026). Gaining market share fast with strong sales metrics on Tmall/JD. Provides growth optionality as core edtech biz contracts. Trades at 8-10x P/E. Risks: regulatory scrutiny, supply constraints, limited visibility outside China.
Read full article (6 min)