Pop Mart’s stock fell nearly 5% on March 3 to a recent low, closing at HK$214.20 ($27.55), after news broke that the toy company is suing Shenzhen-based Bambu Lab for copyright infringement. The lawsuit, naming two co-defendants, alleges that users uploaded 3D-printable Labubu files to Bambu Lab’s MakerWorld community without authorization. The case is scheduled for April 2. Bambu Lab has since removed all Pop Mart-related models from its platform. Between January and November 2025, Chinese prosecutors handled 64 criminal cases involving cultural and creative copyright infringement, including 13 related to Pop Mart.

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