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].

每经编辑｜何小桃 LABUBU的热潮还在持续。 6月10日，一款初代藏品级薄荷色的LABUBU最终以108万元的价格拍卖成交。 在二手交易平台，一些抽中概率较小的"隐藏款"和品牌联名款价格翻数倍，一些款式被炒到万元以上。此外，LABUBU的火热也带火了"高仿"工厂，真假 LABUBU鱼龙混杂，有卖家把仿版当正品卖，也有卖家标注"复刻版，批量消费品，苛求完美者绕道"。 摩根大通发布的研报指出， LABUBU 5月搜索热度已超过Hello Kitty。多家机构也将泡泡玛特的目标价调高至300港元以上。 近日，摩根士丹利分析师Dustin Wei及其团队发布最新研报称，北美和欧洲市场的扩张将是泡泡玛特未来增长的关键引擎。基于美国消费者的购买力及市 场规模，预计北美市场销售额将在2028-2029年达到中国市场水平。 Lagogo卖出上万个 LABUBU持续爆火，不仅仅是官方渠道线上线下渠道供不应求，一些仿冒工厂开始出现产能不足，社交平台上陆陆续续晒出自己买到 的"Lafufu"、"Lababa"、"Lagogo"等。 据红星资本局报道，在批发平台上，有多个厂家正在生产、销售高仿版LABUBU。有厂家告诉红星资本局， ...