Quantasing lays out the trendy toy market, Letsvan becomes the first Chinese trendy toy company listed under the Nasdaq system

36Kr learned that on March 24, Quantasing Group announced a merger and investment cooperation with Shenzhen Yiqi Culture Co., Ltd. (referred to as "Letsvan"). After the completion of this merger transaction, Letsvan will officially become a subsidiary of Quantasing, and its financial data will be included in the consolidated financial statements of Quantasing Group. According to publicly available information, this transaction set a record for the highest financing in the primary market for China's trendy toy industry in 2025. This investment not only marks Quantasing's official entry into the trendy toy market and the broader consumer sector but also signifies that Letsvan has become the first trendy toy company in China with a Nasdaq-listed company platform, laying a solid foundation for its future expansion in the global market