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Miniso bets big on collectible designer toys for growth
Miniso is expanding in the designer toy market and boosting ecommerce tailored for different online platforms.
The Guangzhou-based retailer is customizing products for sites like Douyin to grow its digital sales.
Ecommerce made up over 6% of Miniso’s revenue in H1 2025, rising from 5.2% a year earlier.
Its Top Toy brand, launched in 2020, is set for a Hong Kong listing as Miniso strengthens its retail presence with flagship stores like Shanghai’s Miniso Land, which earned 100 million yuan (US$14 million) in nine months.
Miniso now runs over 7,600 stores worldwide and is diversifying its supply chain to Southeast Asia and Mexico, though 80% of production remains in China.
🔗 Source: South China Morning Post
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