Labubu craze sparks shadow market as counterfeit Lafufu emerges

Originating in Asia, the Labubu—a white-fanged, furry character from Chinese toy maker Pop Mart—has become a global sensation, selling 10 million units each month and attracting celebrity fans like Rihanna and Dua Lipa. Its high price and limited availability have sparked a shadow market, giving rise to a threatening counterfeit known as the Lafufu.