GUANGZHOU, China, Sept. 11, 2020 /PRNewswire/ -- MINISO today unveiled that its blind box collection featuring Budding Pop, the fan-favorite emoji icon with a global following, will be available in Singapore and eight other markets later this month. The blind box series features 25 Budding Pop toy characters and accessories, including: Budding Pop Macaron; Budding Pop Ice Cream Cone; Budding Pop Summer Day; and Budding Pop Cutie Pets. In addition to select MINISO locations in Singapore, the Budding Pop blind box series will be available in Malaysia, Brunei, Laos, Cambodia, Myanmar, Mongolia, Georgia, and Indonesia at the end of September.
Joining the Worldwide Blind Box Phenomenon
The blind box concept, which originated in Japan in the 1980s, has rapidly evolved into a highly profitable capsule toy industry that has gained popularity throughout the world. MINISO debuted its Blind Box collection in China, where it rapidly drew in consumers fascinated with collecting the numerous cute toys, which also offers stressed millennials a sense of companionship as well as a playful way to relax and unwind. According to a 2019 report from China's Ministry of Civil Affairs, there are over 77 million adults living by themselves, with 80% of them spending at least $150 USD on "the little things" to combat isolation or spark joy.
"What's driving the popularity of the blind box is the rising 'economy of loneliness'," says Mr. Ye Guofu, Founder and CEO of MINISO. "Pressure caused by lonesomeness or increased stress has seen an uptick this year, so we see great potential for this trend to pick up in international markets. That's why we've positioned the blind box as a strategic product for 2020 here at MINISO."
As more and more young adults become designer toy consumers across the continent, this industry is expected to grow in popularity among the North American, European, Asia Pacific, and Latin American markets.
MINISO Budding Pop Blind Box Availability
MINISO customers will be able to purchase the latest Budding Pop collection on September 10 in Singapore at VivoCity, Westgate Mall and NEX Shopping Mall. The Budding Pop Blind Box collection will also be available at various stores across Malaysia, Brunei, Laos, Cambodia, Myanmar, Mongolia, Georgia, and Indonesia later this month. Blind boxes are priced in the 7-9 SGD (5 - 6.5 USD) range.
Bolstered by MINISO's robust portfolio of brand partnerships with household IPs, customers can expect to see more blind box collections internationally available from MINISO, including a planned collaboration with Mickey and Minnie Mouse.
MINISO is a lifestyle product retailer, offering high quality household goods, cosmetics and food at affordable prices. Since its first store opened in Guangzhou in 2013, MINISO has opened more than 4,200 stores in over 80 countries and regions in 7 years. With a focus on sleek design and fun trends, its mission is to assure through its products that a better life has nothing to do with the price.
For more information, please contact MINISO at:
SOURCE Miniso Group