Companies 

• MGPIN Cosmetics Co., Ltd. has updated its prospectus at the Hong Kong Stock Exchange again and is continuing to go public in Hong Kong. According to MGPIN ‘s latest prospectus, the company’s total revenue from January to June this year was 1.972 billion yuan, a year-on-year increase of 40.97%; of which the MGPIN brand revenue was 1.887 billion yuan, a year-on-year increase of 28.65%. In addition, MGPIN also added plans for overseas expansion in the prospectus.

• French high-end beauty brand Chantecaille announced that the brand officially entered the Chinese mainland market in the form of direct sales.

Ingredients 

• The maltobionic acid of Shanghai Keqin Technology Co., Ltd. has recently completed the new raw material registration, and the registration number is “Guozhuang Yuanbei Zi 20240070”. At present, the technical requirements have not yet been announced. It is reported that Shanghai Keqin Technology Co., Ltd. is a bioactive ingredient research and development company dedicated to the research and development of molecular active substances.The cosmetic raw material company Xiushi Biopharmaceutical (Nantong) Co., Ltd. (Xiushi Bio) has completed nearly 100 million yuan in Pre-A round of financing.

Trends and Market

• On October 8, the China General Chamber of Commerce released the China Retail Climate Index (CRPI) for October. Data showed that the China Retail Climate Index (CRPI) was 51.4% in October, up 0.8% from the previous month; in the offline retail market in October, the commodity operation index rose by 0.7% from the previous month, and the leasing operation index rose sharply by 3.3% from the previous month.

• According to the data, the scale of China’s perfume market is expected to reach 44 billion yuan in 2028, and the compound annual growth rate is expected to reach 14.0% from 2023 to 2028.