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China's beauty industry is ripe for innovation, entrepreneurship

China s beauty industry is ripe for innovation, entrepreneurship
By Cheng Yu |
chinadaily.com.cn |
Updated: 2021-01-11 19:53
Consumers browse cosmetics at a CDFG duty-free store in Haikou, Hainan province, in November. [Photo/Xinhua]
More efforts are needed to revitalize China s small and micro-sized cosmetics brands to bring more innovation and entrepreneurship in the country s beauty industry, according to an industry insider.
With the vigorous development of e-commerce, the entry barrier for new cosmetics brands has been lowered, which lead to the continuous emergence of new brands in China, said Zhang Zheng, co-founder of TNMO, a one-stop beauty and makeup industry service provider. ....

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