On August 19, Miniso, a Guangzhou-based low-cost retailer, released its financial report for the fourth quarter of a fiscal year ending June 30, 2021. The report says the company's revenue in this period has increased to 2.47 billion yuan ($379.9 million), an increase of 59% on a year-on-year basis.

Miniso's outlet at the Fashion Tianhe Plaza in Guangzhou. (Photo provided to Newsgd.com)

As of June 30, 2021, Miniso has already built a global retail network by opening more than 4,700 outlets in over 99 countries and regions, of which 2,939 are located in China and 1,810 overseas.

Miniso's IP products (Photo provided to Newsgd.com)

According to the financial report, Top Toy, a wholly owned subsidiary of Miniso, now owns 33 outlets nationwide as of June 30, 2021. Since its foundation, the company has been serving as the pioneer among Chinese pop toy retailers, with eight main categories such as building blocks, garage kits, sculptures and blind boxes containing cartoon figurines.

On August 14, Top Toy opened a new store in Wenheyou, a food court in Shenzhen, attracting nearly 30,000 customers on its opening day with turnover up to one million yuan. (Photo provided to Newsgd.com)

Author | Nancy (intern)

Editor | Monica & Jerry