Value Reassessment of the Card Market: IPO Hurdles for a Giant, Newcomers Crowding for Funding

KAYOU's IPO faces hurdles while new players like Suplay and Hitcard seek funding. The industry is shifting from low-price cards to high-value collectibles, with Chinese brands gaining an edge overseas. AI-generated

Why it matters：Analyzes the structural shift from low-price consumption to high-value collectibles and the opportunities for Chinese brands to go global.

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