July 4, 2022

  1. Hello Kitty parent company Sanrio’s shares surge on Alibaba deal

    Hello Kitty parent company Sanrio’s shares surge on Alibaba deal
    Shares in Sanrio shot up as much as 15 per cent on Thursday morning after the Japanese company behind Hello Kitty struck a licensing deal with Chinese ecommerce group Alibaba in a bid to expand its footprint.The five-year deal signed with Alibaba’s intellectual property licensing subsidiary, Alifish, will cover Sanrio’s cast of characters including Hello Kitty, My Melody and...

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