Core Viewpoint - The article discusses the rising issue of counterfeit LABUBU toys, highlighting the supply shortages faced by manufacturers and the legal risks associated with producing and selling imitation products [1][3][5]. Group 1: Market Situation - There is a significant demand for LABUBU toys, leading to supply shortages among manufacturers, with some requiring two to three days to fulfill orders due to high demand [1]. - Some manufacturers are producing and selling lower-quality imitations, such as "Lababa" and "Lagogo," which have seen sales of nearly 10,000 units [1]. - A representative from a Dongguan factory noted that the market is currently experiencing a shortage, and prices are elevated, suggesting that buyers place orders to ensure supply [1]. Group 2: Legal Risks - The production and sale of counterfeit LABUBU products pose several legal risks, including copyright infringement, trademark violations, and unfair competition [3][5]. - Unauthorized use of LABUBU's unique design can lead to legal action under the Copyright Law of the People's Republic of China, even if minor modifications are made [3]. - Selling imitations that mislead consumers can result in civil liabilities, including compensation for damages and administrative penalties from market regulators [5]. Group 3: Consumer Awareness - The article emphasizes the importance of consumer awareness in combating counterfeit products, urging consumers to resist purchasing imitations to protect the integrity of the original brand [5].

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]