April 15, 2022

Xiaohongshu Released Four New Beauty Trends in 2022

On April 13, Beijing time, Xiaohongshu, a Chinese social platform for a recommendation, released the Inspiration Book of Future Consumption in Beauty Industry with the first issue focusing on China’s beauty industry. China’s beauty industry is expected to be good in its development. The market size has gradually increased from $35.758 billion to $68.048 billion …

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TikTok Begins to Set its Foot in Medical Equipment Products

TikTok E-commerce issued a Public Notice on the Addition of “[Medical Device] Category Management Specifications to the company. After its parent company ByteDance has ventured into the medical field several times, its product TikTok has also begun to sell medical devices. TikTok E-commerce, a Chinese short video live-streaming e-commerce platform, issued a Notice on the …

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Perfect Diary’s Parent Company YATSEN is Likely to be Delisted

YATSEN, the parent company of Chinese beauty brand Perfect Diary, received a notification from The New York Stock Exchange that its American Depositary Shares (ADS) were trading below compliance standards. If the company’s stock price is unable to recover the share price and the average share price is above $1.00 within 6 months, it is …

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LVMH Only 8% Growth in Asia While still Confident of China

LVMH achieved sales revenue of $2.07 billion in Perfumes & Cosmetics in the first quarter, up 30% year-on-year. In Asia, revenue grew only 8% compared to 86% in the same period last year due to the impact of restrictions on the COVID-19 outbreak in March. Jean-Jacques Guiony, the chief financial officer of LVMH, said he …

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