BEIJING (XINHUA) – China currently has 5.27 million toy-related companies, according to data from database query platform Tianyancha.com.
Among them, 83 per cent were established within five years, and over 55 per cent are individually-owned businesses, showed the data.
South China’s Guangdong Province has the largest number of toy-related enterprises, exceeding 590,000, followed by Zhejiang and Shaanxi.
Last year, the number of newly registered toy firms hit 1.73 million, a record high.
Over 100,000 toy-related companies were registered this year as of yesterday, equivalent to more than 2,700 companies established per day on average.