No.7, Soap & Glory and more will soon be available to Chinese consumers as Walgreens Boots Alliance (WBA) and the Alibaba Group unveiled the official flagship of Boots on cross-border e-commerce platform Tmall Global.
Cosmetic-related items were among the Trump administration’s finalised list of $200bn worth of imports subjected to an additional 10% tariffs effective September 24, which will be increased to 25% by the start of next year.
South Korea’s leading skin care brand Aesthetic Hydration Cosmetic (AHC) has made its way into China and will now be available on e-commerce platforms and through local health and beauty stores across the country.
China has introduced new legislation that will hold online platforms such as Alibaba and JD.com accountable for fake goods sold by third parties on their websites, in a bid to curb the spread of counterfeits and strengthened their IP protection.
Estée Lauder Cos will be able to absorb the impact of worsening trade terms between US and China because of the company’s high growth margins and investments in capacity, according to executive vice president and CFO Tracey T. Travis.