Has any world big cosmetic name not set their feet in China yet? Probably not. China market is simply too big and profitable to miss. In 2019, the cosmetic market grew by almost 13 percent (equivalent to RMB 40 billion or approx. US$5.72 billion), to reach RMB 299 billion (US$42.8 billion), according to data published by the National Bureau of Statistics.…
China markets are magnets to world business owners who want to sell their products to 1.4 billion Chinese consumers.
With China e-commerce developing so fast and pervasively that it has almost changed the mainstream shopping habits of Chinese society from bricks and mortars to online shops, to ride the tide, foreign businesses are looking into tapping that…