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Dec. 31, 2020 9:54 am ET A Chinese craze for “blind box” toys has caught fire in the stock market, and drawn some unwelcome attention from the government. Last week, official state media organ Xinhua criticized the new craze for “blind boxes,” which contain a collectible toy with the exact design a mystery to the buyer. The format drives repeated purchases, especially from young people who want to get their hands on their favorite toys. Xinhua isn’t amused. “Once you enter into the abyss of blind boxes, your wallet will become like a stranger passing on the street,” it said. The article compares the phenomenon to gambling and urges tighter regulations.

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