【New Stock IPO】News: Copper Master Cultural and Creative has launched a pre-roadshow and plans to raise $100 million. It holds licensing rights for well-known IPs such as "Avengers" and "Nezha 2." Lei Jun and Xiaomi together hold nearly 23% of the shares.

SocialAnxietyStaker · 2026-03-11T12:10:57+00:00

Master Tong Cultural and Creative is about to go public in Hong Kong, having passed the HKEX hearing, with a target fundraising of $100 million. In the first nine months of 2025, profits declined by 22%, but revenue increased by 11%. The company mainly focuses on copper and other cultural and creative products, with a market share of 35%. In the ownership structure, the founder is the largest shareholder, and Xiaomi founder Lei Jun also holds shares.

SocialAnxietyStaker

2026-03-11 12:10:57

Abstract generation in progress

There are also “Grain Economy” concept stocks about to list in Hong Kong. Copper Craftsman Cultural and Creative has passed the Hong Kong Stock Exchange listing hearing, indicating that the IPO process can begin in the short term. Reports say that Copper Craftsman Cultural and Creative has started pre-roadshow, aiming to raise $100 million. China Merchants Securities International is the exclusive sponsor for the listing.

In the first nine months of 2025, Copper Craftsman Cultural and Creative’s profit fell 22% year-on-year to 41.55 million yuan (RMB), while revenue increased 11% to 448 million yuan.

Copper Craftsman Cultural and Creative online product priced at 598 yuan

Founded in 2013, Copper Craftsman Cultural and Creative mainly produces cultural and creative gifts and home decor items. Its product lines include copper, silver, gold cultural and creative products, and plastic figurines, with copper products as the core. As of the end of September last year, the average online order value was 598 yuan; offline was 726 yuan.

Based on the 2024 market for copper cultural and creative craft products, Copper Craftsman Cultural and Creative holds a 35% market share, ranking first in China.

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The top five IPs account for 23.4% of total revenue

Copper Craftsman Cultural and Creative’s IP portfolio includes both self-developed and licensed IP collaborations. By September last year, the company launched 327 SKUs based on self-developed IP and 77 SKUs from licensed IP. Public information shows that the company has also licensed well-known IPs such as “The Avengers,” “Nezha,” and the National Museum.

The company emphasizes that it has established a diversified IP portfolio to avoid heavy reliance on a single IP. In the first nine months of last year, the top five IPs contributed 23.4% of total revenue.

Lei Jun’s Shunwei Capital and Xiaomi hold nearly 23%

Regarding ownership structure, founder Yu Guang is the major shareholder with a 26.27% stake. Xiaomi Group (01810), founder Lei Jun’s Shunwei Capital, and Xiaomi hold 13.39% and 9.56%, respectively, making them the second and third largest shareholders.

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