International Companies 

• The first store of China’s high-end perfume brand DOCUMENTS was launched in Sanya International Duty-Free City and Haikou International Duty-Free City.

• L’Oreal Group has invested in China’s high-end medical beauty chain “YanShu Medical beauty”. Since its inception in 2011, the chain has opened several clinics in several cities, including laser programs and injection programs.

Ingredients 

• Huaxi Biotechnology Co., Ltd. completed the registration of [N-hyaluronyl glutamate sodium], and the registration number is 20240090.

• Ximuyuan(Xiamen) Biotechnology Co., Ltd. completed the registration of [Camellia chrysanthaflower extract], and the registration number is 20240089.

Trends and Market

• In the past year (2023/12/1-2024/11/30), the online GMV of makeup remover products reached 7.82 billion yuan, an increase of 13.3%. Taobao, Tiktok both platforms have increased, especially Tiktok, e-commerce market share rose 42.2% year on year.

• Since the beginning of this year, the topic of youth skin care and adolescent skincare on social media has continued to rise, and the growth rate of “youth skin care” related topics has reached 445%, and “adolescent skincare” has also achieved a significant growth rate of 237.7%.