POP MART (09992.HK) -1.600 (-0.624%) Short selling $489.04M; Ratio 28.698% has filed a lawsuit in the US District Court for the Southern District of New York, accusing 189 merchants on e-commerce platforms such as BABA-W (09988.HK) -2.900 (-1.607%) Short selling $1.70B; Ratio 12.812% (BABA.US) and AliExpress of selling counterfeit LABUBU products, Chinese media reported.The filing seeks preliminary and permanent injunctions to stop the defendants from manufacturing and selling infringing goods, restrict their sales pages on e-commerce platforms, freeze their assets held in financial institutions, and order the return of profits gained from infringement along with compensation.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-08 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)Related NewsUBS Estimates BABA-W's Move from Times Square to Reduce WHARF REIC's Annual Rental Income by HKD110M