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CN Factories Making Fake Labubu Dolls Halt Production & Clear Inventory, Possibly Due to Regulatory Crackdown
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Labubu dolls from POP MART (09992.HK) are selling like hotcakes worldwide. Seeing that demand had outpaced supply in many cities, some Chinese factories started producing counterfeit Labubu dolls. Chinese media recently discovered that several factories making fake Labubu dolls in Dongguan had abruptly ceased operations, which has sparked market attention. After investigation, it was found that these factories might halt production and clear out their inventory due to intensified copyright enforcement by Chinese authorities. AAStocks Financial News |
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