US Stock Market Move | Quantasing Group Ltd. ADR (QSG.US) rose nearly 18%, successfully acquiring Letsvan and deepening its layout in the trendy toy industry.

date
31/03/2025
avatar
GMT Eight
On Monday, Quantasing Group Ltd. ADR (QSG.US) surged nearly 18% to $4.03. On the news front, Quantasing Group Ltd. ADR announced a major strategic decision on March 24th, successfully acquiring Shenzhen Letsvan Culture Co., Ltd. This milestone transaction not only signifies Quantasing Group Ltd. ADR's deeper layout in the toy industry, but also heralds new development opportunities in the toy market. As a leader in the toy market, Letsvan has always focused on the incubation, operation, and commercialization of global artists' IPs. With its strong accumulation and innovative spirit in the toy field, Letsvan has successfully built a product matrix centered around popular IPs such as "WAKUKU" and "Youli ZIYULI", winning widespread recognition and love from consumers.

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