Trade-in ‘chic’ helps boost ATRenew to first operating profit
The recycling specialist’s revenue rose 24.4% in the third quarter, as it reported profits on both a net and operating basis for the first time Key Takeaways: ATRenew’s revenue rose…
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%…
Makeover complete? Yatsen says the worst may be behind it
The cosmetics and skincare company said it will boost its share repurchase plan, seeking to prop up its shares after it reported its revenue fell in the third quarter Key…
Yatsen sees more color, profits ahead with end of China Covid controls
The makeup company’s color cosmetics business took a big hit in last year’s fourth quarter as consumer sentiment sagged during some of China’s strictest Covid controls Key Takeaways: Yatsen’s color…
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