Core Viewpoint - The significant price drop of Labubu collectibles is primarily attributed to a large restock by Pop Mart, leading to a drastic decline in secondary market prices and impacting the company's stock performance [1][6][10]. Group 1: Price Decline and Market Impact - Labubu 3.0 box set prices fell by 45%, while the hidden variant "Ben Wo" saw a price drop of over 38% [2]. - The average transaction price for the "Qian Fang Gao Neng" series Labubu pendant plummeted nearly 48%, from 2279.7 yuan to 1181.3 yuan [7]. - The price range for regular Labubu items has decreased to between 208 yuan and 385 yuan, with the hidden variant "Ben Wo" priced at 2048 yuan [7]. Group 2: Reasons for Price Drop - The price drop is linked to Pop Mart's extensive restocking efforts, which began on June 18 and included multiple notifications across various platforms [3][4]. - An internal source from Pop Mart indicated that the restocking would not follow a predictable pattern to mitigate the influence of scalpers [5]. Group 3: Stock Performance - Following the news of the price drop and restocking, Pop Mart's stock fell over 5%, with a current price of 248.6 HKD per share, marking a cumulative decline of over 12% from its peak [10]. - The stock had previously surged from approximately 85 HKD per share at the beginning of the year to a high of 283.4 HKD on June 12, representing a maximum increase of 233% [10].

Group 1 - The article reports that Ningbo Customs discovered a batch of children's toys and plastic cups suspected of infringing the copyright of the "Labubu Spring Fairy Series," with a total of 20,240 infringing toys identified [1] - According to the Customs Law of the People's Republic of China, customs is responsible for protecting intellectual property rights related to import and export goods, and infringing goods will be confiscated and fined [1] - The customs has legally detained the batch of infringing goods as per the relevant laws and regulations [1]