泡泡玛特(09992)今日盘中股价大幅下跌5.16%，引起了市场关注。
消息面上，泡泡玛特近日正式起诉深圳拓竹科技有限公司及其关联方，案由为著作权权属及侵权纠纷。据悉，拓竹科技旗下的3D模型分享社区MakerWorld上曾长期存在大量由用户上传的泡泡玛特热门IP（如Labubu）的高精度3D模型文件，消费者可下载后自行打印，这被泡泡玛特方面认为侵犯了其著作权。目前，相关模型已被平台紧急下架。
此外，资金面数据显示，泡泡玛特近期遭遇南向资金减持。3月2日，南向资金减持泡泡玛特192.04万股，近5个交易日累计减持568.83万股，期间股价下跌9.42%。市场分析认为，版权诉讼引发的商业模式担忧与资金面的流出共同导致了股价的显著调整。
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