This is a posable doll with real fabric clothing, designed for collectors.
From momokodoll:
momoko DOLL celebrates the 20th anniversary of "PostPet", the software known for the pink Teddy bear, "momo"! Both momo and momoko DOLL are the works by the art director, Namie Manabe. Here's a momoko DOLL full of love for PostPet dressed in a pastel colored souvenir jacket with momo embroidery and a pair of high-top sneakers with momo's face icon.
[Doll Size]: About 27cm tall
[Materials]: PVC, other
[Includes]: Sukajan jacket, one-piece dress, shorts, and high cut sneakers