Yatsen CEO declares turnaround with quarterly non-GAAP profit
The cosmetics seller reported a nearly 50% increase in its first-quarter revenue from skincare products as it pivots to the segment from make-up Key Takeaways: Yatsen’s first-quarter net loss narrowed…
Kintor Pharma shifts from cancer drugs to cosmetics as funds run low
The cash-strapped biotech has begun generating its first revenue from over-the-counter cosmetic treatments, as it pivots away from its original oncology drugs Key Takeaways: Kintor Pharma is shifting from its…
Eternal Beauty struts its stuff as Hong Kong’s newest IPO contestant
The perfume company hopes to follow in the footsteps of the well-received IPO last year by cosmetics seller Mao Geping Key Takeaways: Eternal Beauty has filed for a Hong Kong…
BRIEF: Mao Geping surges in Hong Kong trading debut
Shares of cosmetics seller Mao Geping Cosmetics Co. Ltd. (1318.HK) surged in their Hong Kong trading debut on Tuesday, opening nearly 60% above their IPO price of HK$29.80. The stock…
Mao Geping’s Hong Kong IPO gets lift from regulatory nod
The planned listing by China’s second-ranking domestic cosmetics brand has been approved by the Mainland Chinese securities regulator Key Takeaways: Mao Geping’s Hong Kong IPO has been cleared by the…
Meitu looks for new growth story as China’s economy slows
The beauty app operator expects to report its adjusted profit rose 80% or more in the first half of the year, representing a sharp slowdown from the growth rate in…
Yatsen gets black eye from shopping fest blues
The operator of Perfect Diary cosmetics stores lowered its second-quarter revenue guidance by 10%, putting the figure back in contraction territory Key Takeaways: Yatsen lowered its revenue guidance by 10%…
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