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China’s ‘Blind Box’ Craze: How Mystery Gifts Are Taking Hold

by Priya Shah – Business Editor

The ‍Allure of ⁣the Mystery Box: How Blind Packaging​ Drives Sales in China – and Raises Concerns

A​ growing ⁣trend in China, and increasingly globally, involves​ the sale ​of products in “blind boxes” – sealed packages containing‌ a randomly selected item. ​This format, reminiscent of collectible trading cards, is proving remarkably effective at driving ‌repeat purchases, notably among ⁢young consumers.

Pop​ Mart, a leading retailer in this ‍space, has seen significant success with its Labubu dolls and othre character-based toys. Ruan Yue, a 23-year-old student, exemplifies this ‍consumer behavior, ‌spending approximately⁢ $55 each month on blind boxes and currently owning⁣ 150 Labubu ⁢and similar dolls.”The moment you open the box if ‍it’s ‍a version you ‌want or a⁤ limited edition, you get so excited,” she explained, adding that⁣ the price point is affordable. ‌Labubu and other Pop Mart characters typically range in price from $9 to $30.

The ‍popularity‌ of blind boxes, known as “manghe” ⁣in Chinese,⁢ surged during the COVID-19 pandemic. Pop Mart leveraged livestreaming and⁢ online sales, alongside​ vending machine distribution, while much of China was under lockdown. For young chinese consumers​ facing ​pandemic restrictions ‌and ‍economic uncertainty,‍ these‍ affordable⁤ purchases offered a small boost. ⁣the ​element‍ of chance also fueled a secondary market for trading and the pursuit of rare,highly sought-after versions.The appeal ⁢isn’t limited to toys. ⁣ ‍Retailer Miniso,‌ listed⁢ on the New York Stock Exchange (MNSO), also utilizes⁢ the blind box format, offering mystery ​packages containing items like ‌watches, adhesive tape, stationery, and ballpoint pens. According ​to Miniso staff, the inherent ​curiosity about ‍the contents encourages initial⁤ purchases and fosters ‍continued​ engagement.Though,the trend has attracted scrutiny from the Chinese government. State media outlets have cautioned against “irrational consumption” and potential‌ “addiction” to blind boxes. in June,the People’s Daily called ⁢for stricter regulations,particularly concerning children,labeling the practice a “‘commercial trap’ that precisely targets ‍the psychological vulnerabilities of minors.”

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