It licks its palms that are sweetened by being soaked in honey. A Teddiursa makes its own honey by blending fruits and pollen collected by Beedrill.
(From Bulbapedia) Teddiursa is a bipedal, ursine Pokémon covered in short, orange-brown fur. Its muzzle is light tan with a small black nose and black eyes. There is a slightly paler tan crescent marking on its face, and it has round ears. It has three claws on its forepaws as well as two claws and yellow paw pads on its hind paws. Its tail is short, round, and puffy.
Teddiursa uses Beedrill pollen and fruit to create its own honey. The marking on its face glows when it finds honey already made. Honey is often absorbed into Teddiursa's forepaws, and it is often seen licking them. It will hide food stores throughout its territory before food becomes scarce in winter. Teddiursa lives in mountainous forests.
(From Bulbapedia) Teddiursa is based on a teddy bear and possibly a sun bear or sloth bear cub, both honey bears. The moon marking and the fact that it is a bear cub may mean it might have been based on the constellation Ursa Minor's mythology.
(From Bulbapedia) Teddiursa is a combination of teddy bear and ursa (Latin for bear).