Chicmax finds timeless profit formula in anti-aging skincare
Calculations using new company data show its revenue rose 77% in the second half of last year, while its profit quadrupled Key Takeaways: Chicmax said it expects to report its…
Meitu dolls up with spinoff for Singaporean unit
The unit being spun off, AI-powered digital design platform Pixocial, was a major contributor to Meitu’s net profit last year Key Takeaways: Meitu has completed a new funding for its…
Meitu finds beauty in growing profits
The newly profitable beauty services provider earned an adjusted profit of between 140 million yuan and 155 million yuan in the first half of the year Key Takeaways: Meitu expects…
Rebounding Perfect Medical finds beauty safe haven in Hong Kong
The medical beauty center operator’s net profit rebounded post-pandemic, as its focus on Hong Kong helped to mitigate harsher supervision for its smaller Mainland operations Key Takeaways: Perfect Medical’s latest…
Prominent Meitu Investor Trims Stake After Years of Only Filtered Profits
Lee Kai-Fu, a former senior Google executive-turned-venture capitalist, has slashed his stake in the beauty app operator as it continues struggling to turn a profitKey Takeaways:Prominent venture capitalist and former…
FAST NEWS: So-Young Upsizes Share Repurchase Program
The Latest: Cosmetic surgery app operator So-Young International Inc. (SY.US) said on Tuesday it will upsize its share repurchase program announced late last year from an original $15 million to…
FAST NEWS: Meitu Takes Full Control of Ruisheng Tianhe Advertising Unit
The Latest: Chinese beauty app Meitu Inc. (1357.HK) said on Sunday it will purchase the remaining 19.81% of its majority-owned Ruisheng Tianhe subsidiary from a minority shareholder group for up…