Olympics-China to boost supply of Winter Games panda mascot souvenirs

4/4 © Reuters. A man wearing a face mask, following the coronavirus disease (COVID-19) outbreak, walks past an image of Bing Dwen Dwen, the Beijing 2022 Winter Olympic Mascot, in front of people queueing to enter a flagship merchandise store for the Beijing 2022 Winter 2/4 By Muyu Xu and Karolos Grohmann BEIJING (Reuters) - China will increase the supply of merchandise featuring "Bing Dwen Dwen", the panda mascot of the Beijing 2022 Winter Olympics, the organising committee said on Sunday. The announcement came as Chinese media and internet users reported difficulty in purchasing souvenirs in the likeness of the chubby panda in a hard, transparent body suit. Many had queued for hours in cold weather outside a flagship store in Beijing but failed to get the soft toys and other decorations. "We are paying close attention to this problem ... we are coordinating (with factories) to increase supply of 'Bing Dwen Dwen'," Zhao Weidong, a spokesman of the Beijing Olympics organising committee, told a news conference. Zhao said the tight supply of "Bing Dwen Dwen" was partly because the manufacturing plants were shut down for the week-long Lunar New Year, which overlaps with the Olympics. "This issue reflects the popularity of the Beijing Winter Olympics, and also demonstrates the achievement of engaging 300 million Chinese in winter sports." Rarely have mascots sold out after the first few days of any Olympics let alone become household names so quickly. Some mascots remain almost in obscurity even during the Games, as was the case at the 2018 Rio de Janeiro Olympics with "Vinicius" or the 2002 Salt Lake City trio of Powder the hare, the coyote and Coal the black bear. Analysts from Shanxi Securities estimate the total revenue from selling Beijing Olympic licensed products could reach 2.5 billion yuan ($394.80 million) during the Games. "One Dwen at each family" has become the No.4 most trending topic on Weibo (NASDAQ:), China's equivalent of Twitter (NYSE:), with 10.38 million viewers in the past 24 hours. Chinese internet users are calling for the organisers to meet the surging demand. Many said on social media that possessing an Olympics souvenir would make them feel more a part of the Games, which has been devoid of most spectators as tickets to events were not sold to the public to curtail the spread of COVID-19. "To show that I am actively participating in the Winter Olympics, I am making all efforts is get a 'Bing Dwen Dwen' home," wrote a Weibo user named "famous European". ($1 = 6.3323 ) Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Olympics-China to boost supply of Winter Games panda mascot souvenirs
4/4 Olympics-China to boost supply of Winter Games panda mascot souvenirs© Reuters. A man wearing a face mask, following the coronavirus disease (COVID-19) outbreak, walks past an image of Bing Dwen Dwen, the Beijing 2022 Winter Olympic Mascot, in front of people queueing to enter a flagship merchandise store for the Beijing 2022 Winter 2/4

By Muyu Xu and Karolos Grohmann

BEIJING (Reuters) - China will increase the supply of merchandise featuring "Bing Dwen Dwen", the panda mascot of the Beijing 2022 Winter Olympics, the organising committee said on Sunday.

The announcement came as Chinese media and internet users reported difficulty in purchasing souvenirs in the likeness of the chubby panda in a hard, transparent body suit. Many had queued for hours in cold weather outside a flagship store in Beijing but failed to get the soft toys and other decorations.

"We are paying close attention to this problem ... we are coordinating (with factories) to increase supply of 'Bing Dwen Dwen'," Zhao Weidong, a spokesman of the Beijing Olympics organising committee, told a news conference.

Zhao said the tight supply of "Bing Dwen Dwen" was partly because the manufacturing plants were shut down for the week-long Lunar New Year, which overlaps with the Olympics.

"This issue reflects the popularity of the Beijing Winter Olympics, and also demonstrates the achievement of engaging 300 million Chinese in winter sports."

Rarely have mascots sold out after the first few days of any Olympics let alone become household names so quickly. Some mascots remain almost in obscurity even during the Games, as was the case at the 2018 Rio de Janeiro Olympics with "Vinicius" or the 2002 Salt Lake City trio of Powder the hare, the coyote and Coal the black bear.

Analysts from Shanxi Securities estimate the total revenue from selling Beijing Olympic licensed products could reach 2.5 billion yuan ($394.80 million) during the Games.

"One Dwen at each family" has become the No.4 most trending topic on Weibo (NASDAQ:), China's equivalent of Twitter (NYSE:), with 10.38 million viewers in the past 24 hours. Chinese internet users are calling for the organisers to meet the surging demand.

Many said on social media that possessing an Olympics souvenir would make them feel more a part of the Games, which has been devoid of most spectators as tickets to events were not sold to the public to curtail the spread of COVID-19.

"To show that I am actively participating in the Winter Olympics, I am making all efforts is get a 'Bing Dwen Dwen' home," wrote a Weibo user named "famous European".

($1 = 6.3323 )

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.