CHINA LIT (00772.HK) -0.300 (-1.017%) Short selling $18.24M; Ratio 15.995% announced the acquisition of a 10% stake in "Softopia", a brand under Hangzhou Lecheng Brand Management Co., Ltd. (literal translation of "杭州樂橙品牌管理有限公司"), through an exclusive strategic investment. Upon completion of the transaction, CHINA LIT will become the sole external investor. This transaction marks the first public fundraising case by a mainstream investment institution in the mainland's vertical plush toy industry.Related NewsCLSA Upgrades CHINA LIT (00772.HK) to Outperform, Raises TP to $34The "Softopia" was formerly a plush toy supply chain company with its own factory, providing one-stop solutions for international events, global IPs, and leading domestic brands over the long term. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.)