Local beauty brands are now occupying more than half of China’s cosmetics market, suggesting that these homegrown players are ready to tackle international labels.
Singapore Healthcare and aesthetic firm Novena Global Lifecare has completed a $350m merger which will give it access to Xingkeduo’s proprietary AI technology, e-commerce platform and its physical network of stores across China.
South Korean cosmetics firm Daebong Life Science debuted its natural oils developed especially for clean beauty products at this the recent in-cosmetics Korea show.
New research shows that 47% of US beauty consumers have yet to tried K-beauty skin care products, opening plenty of opportunities for South Korean brands to capitalise on.
Greentech was at in-cosmetics Korea this year to mark the official launch of its new anti-hair loss active ingredient, Hairiline, that claims to prevent hair loss and boost hair density.
L'Oréal Group has launched of its Augmented Reality (AR) make-up try-on application ModiFace in China via WeChat’s mini program for Giorgio Armani Beauty.
Taiwan’s Food and Drug Administration (FDA) has confirmed that asbestos-tainted Claire’s cosmetics were produced in China, and not in Taiwan as previously reported.
The innovation branch of Health & Happiness Group (H&H Group), NewH2, signs an agreement to acquire a minority stake in personalised skin care provider Proven Skincare and its artificial intelligence (AI) technology.
Nexgen Biotech claims that its bioengineered synthetic spider venom and botulinum toxin (BTX) alternative product have ‘huge potential’ for cosmetics markets in Korea and beyond, covering areas from anti-ageing to wound-healing.
