It launched its Monkie Kid sets, based on the Monkey King Chinese legend, in May, and Christiansen hinted other culturally-based characters may be in the making. Lego is set to open about 120 new brick-and-mortar outlets in 2020, including 80 in China by the end of the year, bringing the total number of Chinese outlets to more than 200. The Danish family-owned company has outperformed the market, with competitors such as Hasbro suffering after stores closed during the pandemic.

'Serving kids the way we do and having to connect and interact with kids in a world that becomes increasingly digital with all the issues that comes with that in terms of data privacy and creating safe environments for kids, there are many, many, many things we need to invest behind and do and create,' Christiansen said. The company's digital platforms include play app Lego Life, which now has more than 9 million users, and the toymaker said it saw a 70% increase in content uploaded by users of its platforms during the first half of the year. And that's a long-term journey, that's a 10-year journey … And we're just a couple of years into this,' he told CNBC by phone. It is really about this entire digital ecosystem and creating that future. So, it's less about just creating an e-commerce store or an online store.

'The entire Lego ecosystem is actually, I think, only at the beginning. Lego reported double-digit consumer sales growth in China, Asia-Pacific, Europe, and the Americas, and operating profit for the group reached 3.9 billion Danish krone for the first half, up 11% on 2019.īut despite the leaps in technology, Lego's digital transformation is at a relatively early stage, Christiansen said. 'We've actually been investing quite a bit in … longer-term initiatives around strengthening our product portfolio, making it more diverse, touching more passion points (at) different ages, adding more technology,' he told CNBC by phone. The company's revenue grew 7% to 15.7 billion Danish krone ($2.46 billion) in the six months to June 30, compared to the same period last year, which Christiansen said was due to investments in products, e-commerce, and brand paying off. Personal Loans for 670 Credit Score or Lower

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