<div id="readability-page-1"><div><p>The Chaoyang District People's Court of Beijing recently handed down a first-instance judgment in the unfair competition dispute case filed by POP MART (09992.HK)<span> </span><span> -1.700 (-0.948%)  </span> <span> Short selling $318.11M; Ratio 15.394%  </span>  against NAYUKI (02150.HK)<span> </span><span> +0.020 (+2.778%)  </span> . The court found that Shenzhen Pindao Catering Management Co., Ltd., a subsidiary of NAYUKI, constituted unfair competition and ordered it to compensate POP MART for economic losses of RMB300,000 and reasonable rights protection expenses of RMB20,000. Neither party filed an appeal and the judgment has now taken effect.</p><p>It is understood that in September 2025, NAYUKI launched a themed marketing campaign across its stores, WeChat official account and mini-program, naming several tea beverages &#34;Mibubu&#34; and using the &#34;LABUBU&#34; artistic image in promotional materials. POP MART subsequently alleged that NAYUKI had, without authorization, used identical or similar marks to &#34;LABUBU&#34; for commercial promotion. (su/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-04 12:25.)</p></div></div>

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<p>Beijing's Chaoyang District Court ruled that NAYUKI subsidiary engaged in unfair competition by unauthorized use of POP MART's 'LABUBU' IP in marketing. NAYUKI was ordered to pay RMB320,000 in compensation and expenses. The judgment is now effective as neither party appealed.</p>

- The Chaoyang District People's Court in Beijing ruled against NAYUKI in a case of unfair competition filed by POP MART.  
- The court ordered NAYUKI's subsidiary to pay POP MART RMB300,000 in economic losses and RMB20,000 in rights protection costs due to unauthorized use of similar branding.  
- Neither party appealed the ruling, which has now become effective.

NAYUKI Liable for Unfair Competition, Ordered to Compensate POP MART RMB320K