Chinese budget retailer Miniso to spin off Top Toy brand, list it in Hong Kong
Chinese budget retailer Miniso plans to spin off its Top Toy brand and list it in Hong Kong, riding a wave of investor enthusiasm for Chinese toymakers and highlighting the city’s renewed status as a global fundraising hotspot. The business, which will remain a subsidiary of Guangzhou-based Miniso post spin-off, focuses on pop culture-inspired collectible…