币界网报道：China's recent crackdown on "blind box" addiction has raised concerns about its impact on Pop Mart, the country's leading collectible toy retailer. Despite regulatory warnings about excessive spending on mystery boxes, analysts suggest Pop Mart's diversified product lines and global expansion strategy may cushion the blow. The company reported a 15% revenue increase last quarter, driven by overseas markets like Japan and South Korea. Industry experts note Pop Mart's shift toward licensed IP collaborations and transparent sales models could help navigate tighter regulations while maintaining appeal to collectors. The firm plans to open 50 new stores in Southeast Asia this year, signaling confidence in continued growth despite domestic challenges.