China’s Labubus are the must-have toy of the year. So are the fakes

These aren’t genuine Labubu – the Pop Mart dolls that have gained cult status in recent months – but “Lafufu,” a tongue-in-cheek nickname for a wave of knockoffs. Collectors have even coined playful variants like “Lagogo,” “Lababa,” and “Lapoopoo.” Last month Pop Mart reported an astonishing near 4...

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