POP MART(HK:09992) Nan Fang Du Shi Bao·2025-06-19 11:36Core Viewpoint - The popularity of LABUBU has led to a surge in counterfeit products, raising concerns about intellectual property rights and market dynamics [2][3][10] Group 1: Product Popularity and Market Dynamics - LABUBU experienced a significant restock during the 618 shopping festival, with pre-orders available, but the latest shipping date extends to the end of September [2] - The product has become a phenomenon in the toy market, with over 1 million units sold through official channels, and secondary market prices fluctuating dramatically, with some hidden variants reaching prices close to 5000 yuan [4][5] - The emergence of counterfeit products, such as "Lababa" and "Lagogo," has created confusion among consumers, with many receiving subpar imitations instead of the original LABUBU [6][9] Group 2: Intellectual Property Concerns - Legal experts indicate that the production and sale of counterfeit LABUBU products constitute infringement of intellectual property rights, and unauthorized commercial use of LABUBU's likeness is also illegal [3][10][11] - The original LABUBU products come with anti-counterfeiting measures, including QR codes for verification, while counterfeit versions often lack such features [7][12] - Recent customs inspections have revealed large quantities of counterfeit LABUBU products, indicating a growing issue with intellectual property violations in the market [12]