Labubu's Mega Markups Make Pop Mart a $43 Billion Export Giant
Labubu, Beijing toymaker Pop Mart International Group Ltd.'s star character, is fueling a global collectibles craze. The company posted a gross profit margin of nearly 67% last year, among the highest of Chinese firms with major international reach. By comparison, homegoods and toy retailer Miniso Group Holding Ltd. 's margin was about 45%, while consumer electronics maker Xiaomi Corp. and EV powerhouse BYD Co. came in around 20%.
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Yahoo
24 minutes ago
- Yahoo
Amity Innovation Incubator's Investor Pitch Day Showcases India's Next Generation of Disruptive Startups
NOIDA, India, July 24, 2025 /PRNewswire/ -- The Amity Innovation Incubator, a pioneering concept among Indian universities aimed at nurturing entrepreneurial endeavours, proudly hosted its Investor Pitch Day, bringing together a powerful constellation of emerging startups and top-tier investors for an exciting day of live pitches, strategic networking, and growth-focused dialogue. With over 1100+ startups incubated and accelerated, the Amity Innovation Incubator, which recently won AABI's 'Incubator of the Year Award', continues to drive its mission to accelerate India's entrepreneurial momentum. The July 2025 Pitch Day marked a significant milestone with 10 high-potential startups presenting cutting-edge solutions across sectors like health tech, AI, fintech, and social impact. Participating startups included: Lark – India's only API-first credit infrastructure layer for the $5T+ investment ecosystem, enabling embedded lending against securities across fintech, wealth tech, etc. Livofy – A full-stack chronic care platform delivering personalized, integrative treatment for lifestyle disorders like diabetes, thyroid, and PCOS, serving 7500+ patients. Torchit – A social-tech enterprise dedicated to empowering people with disabilities (PwDs) through affordable, innovative, assistive technologies. CYVIA – An enterprise-grade security brain for LLMs, transforming every prompt into a real-time, auditable, policy-enforced event. Profrea – A tech-enabled platform that transforms underutilized clinics into pay-per-use medical workspaces, boosting clinic utilization, reducing CAPEX, and creating a new revenue stream in outpatient healthcare. Genetico – Asia's first clinical decision support platform focused on rare and genetic diseases, enabling clinicians to diagnose and manage complex conditions through an AI-powered software, combining pedigree analytics, Human Phenotype Ontology-based differential diagnosis, and deep data tools. Sconto – A student-first verification and commerce platform that connects verified Indian college students with curated brand discounts, offers, and experiences, through its proprietary KYS engine. AICodePro – An AI-powered headless commerce platform built for D2C brands and online sellers. Blyp – An AI-driven smart parking and mobility platform offering guaranteed parking in under 2 minutes. Medino's – A full-stack, phygital healthcare platform delivering doctor consults, e-prescriptions, and medicines within 30 minutes. Esteemed investors included: Vaibhav Jain at Google, focusing on startup and VC collaboration Amit Sharma from Cactus Venture Partners, which has invested in startups like Kapture CRM, Vitraya Technologies, AMPM, Blyp, Loham, and more Addison Appu from Thikuvate Capital, which has invested in startups like Petmojo, Kivi, Zippee, Good Monk, and Strive Representatives from BEENEXT, Caret Capital, AdvantEdge, Lead Invest, 8X Ventures, IIFL Capital, and Ankur Capital, among others, also participated. Dr. Aseem Chauhan, President, Amity Innovation Incubator, remarked, "Investor Pitch Day is more than a showcase; it's a catalytic platform for India's most promising startups to meet vision-aligned investors. This event reflects the vibrancy and resilience of India's startup ecosystem." The day featured live pitches, one-on-one investor meetings, and mentoring sessions, offering a dynamic environment for entrepreneurs to receive real-time feedback and forge meaningful connections. The event concluded with multiple expressions of interest and ongoing due diligence, indicating a high level of engagement from the investor community. Mr. Ojasvi Babber, CEO of Amity Innovation Incubator, expressed his gratitude to the participating investors for their mentorship and support. About Amity Innovation Incubator Amity Innovation Incubator has been supported by NITI Aayog, DST, MeitY, MSME, iDEX, and StartinUP, strengthening our commitment to fostering innovation. All the startups that presented have been supported by Amity Innovation Incubator through different programs. These programs include Atal Innovation Mission, the Ministry of Electronics and Information Technology, IDEX, and many others. Amity Innovation Incubator has built a robust and holistic support system for startups and entrepreneurs, offering strategic mentorship, infrastructure, and investor access through every stage of their entrepreneurial journey. Through Amity Capital Ventures (ACV), the incubator enables eligible startups to seamlessly connect with a powerful network of High Net-Worth Individuals (HNIs) and renowned VC Funds. With 18+ successful exits and over 120 startup investments facilitated, Amity Innovation Incubator not only nurtures innovation but also ensures promising ventures are fully equipped—technically, strategically, and financially—for scalable growth. Photo: View original content to download multimedia:
Yahoo
24 minutes ago
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Air India warned over 'systemic' lapses in fatigue management and training, documents show
(Adds dropped word 'worst' in paragraph 10) By Aditya Kalra NEW DELHI (Reuters) -Air India has been warned by India's aviation regulator that it could face enforcement action for breaching safety standards related to crew fatigue management and training, government notices to the airline seen by Reuters showed. The airline self-reported the problems, which occurred this year and last year, to the Directorate General of Civil Aviation (DGCA) last month, just days after one of its Boeing 787 Dreamliners crashed in Ahmedabad city, killing 260 people. Four government notices, dated July 23, criticised Air India for repeated failures in safety compliance and follow many other warnings in the past. Potential regulatory action could include fines or ordering that executives be removed from their jobs. The latest notices cite a combined 29 violations, including pilots not being given mandatory rest, poor compliance with simulator training requirements, lack of training for a high-altitude airport and flying on international routes with insufficient cabin crew. "Despite repeated warning and enforcement action of non-compliance in the past, systemic issues related to compliance monitoring, crew planning, and training governance remain unresolved," said one of the notices. "The recurrence of such violations suggests a failure to establish and enforce effective control mechanisms," it said. Air India said in a statement that the notices related to voluntary disclosures made over the past year, and it will respond to the regulator. "We remain committed to the safety of our crew and passengers," it added. The DGCA did not respond to a Reuters request for comment. Air India has come under intense scrutiny since the Ahmedabad crash, which was the world's worst aviation disaster in a decade. A preliminary report found that the fuel control switches were flipped almost simultaneously after takeoff and there was pilot confusion in the cockpit. One pilot asked the other why he cut off the fuel and got a response that he hadn't done so, the report said.
Business Wire
26 minutes ago
- Business Wire
Sygnia Uncovers Active Chinese-Nexus Threat Actor Targeting Critical Infrastructure
SINGAPORE & TEL-AVIV, Israel & NEW YORK--(BUSINESS WIRE)-- Sygnia, the foremost global cyber readiness and response team, today reveals the findings of their investigation into a prolonged espionage campaign by a China-nexus threat actor, targeting critical infrastructure. Named 'Fire Ant' by Sygnia, the adversary is actively leveraging advanced methods to gain access to virtualization and networking environments by creating multi-layer attack kill chains to infiltrate restricted and segmented network assets that were considered to be within isolated environments. Since early 2025, Sygnia has tracked and responded to Fire Ant incidents, primarily targeting VMware ESXi and vCenter environments, as well as network appliances, to establish a foothold for initial access and long-term advanced persistence. Notably, Fire Ant displays high levels of resilience, actively and stealthily adapting to eradication and containment efforts, replacing toolsets, deploying redundant persistence backdoors and manipulating network configurations to re-establish access to compromised devices. 'Fire Ant shows incredible advanced capabilities to infiltrate and conduct espionage campaigns, avoiding detection and multi-layered traditional security measures by targeting infrastructure blind spots. This highlights the level of resilience and danger posed by nation-state threat actors to global critical infrastructure organisations,' said Yoav Mazor, Head of Incident Response, APJ at Sygnia. 'By gaining control over the virtualization management layer, the threat actor was able to extract service account credentials and deploy persistent backdoors on both ESXi hosts and the vCenter to maintain access across reboots.' Fire Ant's activities are characterized by infrastructure-centric tactics, techniques and procedures (TTPs) enabling activity beneath the detection threshold of traditional endpoint controls, emphasizing critical blind spots of conventional security stacks. The threat actor establishes control over a victim's VMware ESXi hosts and vCenter servers to move laterally across an organization. Additionally, Fire Ant consistently bypassed network segmentation by compromising network appliances and tunneling across segments, enabling the threat actor to bridge and move deeper within an organization's infrastructure through legitimate, approved paths. Mazor adds, 'Fire Ant's method of infiltration places heightened pressure on the cybersecurity community and underscores the importance of visibility and detection within the hypervisor and infrastructure layer where traditional endpoint security tools often struggle to identify malicious activity. Organizations will need to adopt proactive cyber resilience with an advanced multi-layered security approach.' As part of Sygnia's investigation into Fire Ant, the company found the tooling and techniques closely align with prior espionage campaigns conducted by nation-state threat actor, UNC3886, currently active in Singapore. Fire Ant's overlap with UNC3886 includes specific binaries and exploitation of vCenter and ESXi vulnerabilities, as well as similar targeting of critical infrastructure across regions. For a deep dive account of the incident, please see Sygnia's report. About Sygnia Sygnia is the world's foremost cyber response and readiness expert. It applies creative approaches and bold solutions to each phase of an organization's security journey, meeting them where they are to ensure cyber resilience. Sygnia is the trusted advisor and service provider of leading organizations worldwide, including Fortune 100 companies. Sygnia is a Temasek company, part of the ISTARI Collective.
