QuantaSing is pushing beyond online learning into pop toys, in-person retail, and AI-powered services, aiming to rely less on China’s tightly watched education market. The upside hinges on whether new products and overseas growth can outweigh fierce competition, shifting consumer tastes, and the rising cost of attracting and keeping customers.Read more
QuantaSing’s growth story faces pressure as China’s population ages and new rules make it harder and costlier to reach customers, just as more rivals crowd into online learning and collectible toys. The upside case hinges on whether its shift toward stronger products, new toy brands, and expansion beyond China can keep profits from being squeezed.Read more
QuantaSing is trying to move away from chasing clicks and toward higher-value services, while branching into wellness and senior-focused offerings that could reshape where its growth comes from. The big question is whether these new programs can make up for weakening demand in its core online learning business without creating costly stumbles along the way.Read more
Here Group Limited designs and sells pop toys in China. It offers collectible pop toys, such as plush toys and figures under HERE brand. The company was formerly known as QuantaSing Group Limited and change its name to Here Group Limited in November 2025. Here Group Limited was founded in 2019 and is headquartered in Beijing, the People’s Republic of China.
