LABUBU plush doll (with counterfeit Prada logo)

The product in the image is a Labubu character doll, which belongs to ‘The Monsters’ series designed by Hong Kong-born artist Kasing Lung. Labubu is a well-known IP (Intellectual Property) managed and produced by the Chinese pop culture and toy industry giant, Pop Mart. While the character itself is legitimate, the specific doll in the image features a 'PPADA' logo mimicking the Italian luxury brand Prada, which indicates this is likely a customized, counterfeit, or fan-made peripheral rather than an official luxury collaboration. Officially, Labubu is manufactured entirely in China. Pop Mart, founded in 2010 by Wang Ning, has transformed the 'blind box' toy market and maintains ultimate ownership of the brand through its headquarters in Beijing.