China sees nearly 5.3m toy firms

BEIJING -- China currently has 5.27 million toy-related companies, according to data from database query platform Tianyancha.com.

Among them, 83 percent were established within five years, and over 55 percent are individually-owned businesses, showed the data.

South China's Guangdong province has the largest number of toy-related enterprises, exceeding 590,000, followed by Zhejiang and Shaanxi.

Last year, the number of newly registered toy firms hit 1.73 million, a record high. Over 100,000 toy-related companies were registered this year as of Sunday, equivalent to more than 2,700 companies established per day on average.