Overview

• Pop Mart filed a lawsuit in California claiming that 7-Eleven sold counterfeit “Lafufu” blind boxes, seeking to ban their sale and recover damages.
• Hedge fund Arnott Capital has disclosed plans to short Pop Mart’s stock, warning that the Labubu craze may follow a hype-cycle downturn.
• Record auctions of rare Labubu editions have driven resale values to unprecedented highs, with one doll fetching Rs 9.15 lakh ($10,500).
• Counterfeit “Lafufu” versions continue to flood markets worldwide, prompting customs seizures in China, the U.K. and South Korea.
• Pop Mart has rolled out authentication measures—holographic stickers, QR codes and online verification—to help buyers distinguish genuine Labubus from knock-offs.