VIRTUAL MIND (01520) rose 11%, reaching a 10% gain at press time to trade at HK$1.1 with a turnover of HK$4.24 million. Public information indicates that VIRTUAL MIND specializes in providing full-cycle IP ecosystem development and operational services for IP holders and brands. In the consumer IP sector, the company has established three core businesses centered around IP merchandise: IP digitization, secondary trading of IP products, and IP ecosystem operations.
In August this year, VIRTUAL MIND announced a joint venture with West Chain Technology to specialize in Web3.0-based sports IP economic operations, including trading cards, collectible figurines, and rights-based vouchers. Additionally, in the industrial IP sector, the company has formed a strategic partnership with Saudi Arabia's Ministry of Industry and Mineral Resources to support the nation's industrial IP development under its "Vision 2030" initiative.
VIRTUAL MIND revealed plans to launch the official LaLiga app, offering members ticket purchases and merchandise redemption services. Each IP boasts an inherent fanbase, and the company will cultivate these communities through targeted engagement. Blind box sales represent just one of many monetization avenues, alongside exclusive events like player meet-and-greets and offline experiences.
Regarding growth projections for the next 1–2 years, the company's IP business is in its early expansion phase, with scalable replication potential once the business model matures. Overall, management anticipates multiplicative earnings growth opportunities ahead.
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