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NAYUKI Liable for Unfair Competition, Ordered to Compensate POP MART RMB320K
2026-06-04 15:41:45 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) against NAYUKI (02150.HK). The court found that Shenzhen Pindao Catering Management Co., Ltd. (literal translation of "深圳市品道餐飲管理有限公司"), 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. In September 2025, NAYUKI purportedly launched a themed marketing campaign across its stores, WeChat official account and mini-program, naming several tea beverages "Mibubu" and using the "LABUBU" artistic image in promotional materials. POP MART subsequently alleged that NAYUKI had, without authorization, used identical or similar marks to "LABUBU" for commercial promotion. ~ AASTOCKS Financial News Website: www.aastocks.com | |