Quantum Song completes the acquisition of Letsvan, marking a significant expansion into the trendy toy industry in China.

Information on the Target

On March 24, 2025, Quantum Song announced the completion of a merger and acquisition investment in Letsvan. Following this transaction, Letsvan will officially become a subsidiary of Quantum Song, and its financial metrics will be incorporated into Quantum Song's consolidated financial statements. Since its establishment, Letsvan has focused on cultivating, operating, and commercializing intellectual property (IP) of global artists, as well as promoting and selling trend-driven toys.

This acquisition is significant as it sets a record for the highest financing in the primary market within China's trendy toy industry in 2025. The merger aims to empower Letsvan by enhancing its multi-channel strategy, integrating both online and offline retail systems, and creating a complete ecosystem from IP creation to immersive consumer experiences, thus offering consumers a more diverse range of trendy toy experiences.

Industry Overview

The trendy toy industry in China has seen remarkable growth in recent years, driven by increasing consumer demand for unique and high-quality collectibles. This sector is characte