Pirated Labubu flooding merchants: cost a few yuan to sell for over $20

On e-commerce platforms, it can be found that there are many Labubu dolls and keychain products for sale, and the sales volume is not low, many of which are so-called imitations. Some merchants have revealed that even pirated Labubu products still have no worries about selling. Some merchants even claim that these blind boxes, which cost only a few yuan, can be sold for over $20 after being shipped abroad by shipping companies, and are often in short supply. Experts point out that in addition to cracking down on pirated products and increasing law enforcement efforts, legitimate manufacturers also need to balance market supply and demand, compress the market space for pirated products, because official channel prices are too high or production capacity is difficult to meet market demand, and scalpers and pirated manufacturers in the secondary market will naturally fill the market gap. Experts also suggest that popular IP products can even learn from NFT (digital collectible) methods to prevent piracy and counterfeiting. (21st Century Business Herald)