
Group 1 - LABUBU continues to gain popularity, with a rare mint green collectible selling for 1.08 million yuan at auction, and some limited edition items being resold for over 10,000 yuan [1] - Bubble Mart's stock price has surged over 188% this year, with a tenfold increase since February 2024, making it a significant player in the market [1] - LABUBU's search popularity has surpassed that of Hello Kitty, prompting several institutions to raise Bubble Mart's target price to over 300 HKD [2] Group 2 - Analysts from Morgan Stanley highlight that expansion into North America and Europe will be crucial for Bubble Mart's future growth, with North American sales expected to match China's by 2028-2029 [3] - The demand for LABUBU has led to supply shortages, with counterfeit factories struggling to keep up, and some sellers offering high-quality replicas at lower prices [4][10] - Legal interpretations indicate that manufacturers of counterfeit LABUBU products could face severe penalties, including imprisonment for up to 15 years or life sentences if the infringement is severe [11] Group 3 - Ningbo Customs has seized thousands of counterfeit LABUBU products, including plush toys and blind boxes, which infringe on copyright and trademark rights [12][14] - The customs authority is actively enforcing intellectual property rights, with regulations allowing for the confiscation of infringing goods and potential criminal charges for serious violations [16]