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MARKET
Export to Singapore: Post-pandemic economic overview, and new opportunities in Southeast Asia
Aug 12, 2021
As the fifth largest economy in the world, Southeast Asia is an understandably attractive market for many exporters. And while trade in this part of the world has inevitably suffered from the effects of the pandemic, its eCommerce market appears more buoyant than ever...
Singapore
Skin Care
MARKET
Chinese Cosmetic Market Online Data in 2021Q2
Jul 19, 2021
Chinese cosmetic category’s online GMV in 2021Q2 was 65.739 billion yuan, with a growth rate of 0.06%. Among domestic brands, Florasis and Winona kept a high speed growth, while Perfect Diary was slowing down. Brands from Bloomage Biotech, the hyaluronic acid giant in China, were experiencing explosive growth. International brands were outperformed by domestic brands in April and May, but successfully rebounded in June, implying these brands have better performance and high budget in massive marketing events, such as the 618 shopping festival. Other e-commerce platforms, such as Douyin, Kuaishou, JD, performed well in the beauty sector in Q2. They were good choices for beauty brands.
Chinese Mainland
MARKET
China GAC Issues Facilitation Measures for 2021 China International Import Expo
Jul 15, 2021
On July 8, 2021, China GAC released “Customs Clearance Notice” and “Facilitation Measures” for 2021 China International Import Expo. Those requirements remain substantially unchanged comparing with 2020 CIIE.
Chinese Mainland
Business
MARKET
ASEAN E-commerce: Beyond the Pandemic
Jun 23, 2021
The spread of Covid-19 has compelled ASEAN leaders to impose social distancing measures and lock down cities from time‑to‑time, since the beginning of the outbreak in early 2020. It has put strain on traditional retail given the widespread closures of physical stores and diminishing consumer demand. While the pandemic has led to a period of extreme upheaval for brick‑and‑mortar stores, it has driven a dramatic uptake of digital adoption across ASEAN countries, accelerating the shift towards online retail channels that was already underway.
ASEAN
MARKET
Natural is the New Normal for Younger Us Beauty Shoppers
Jun 17, 2021
While they regularly share makeup trends and tutorials on social media, particularly on Instagram and TikTok, for young US people — aka Gen Z — makeup isn’t, or is no longer, the top priority when it comes to beauty. In search of authenticity and naturalness, the younger generations are instead focusing their attention on skin care and clean beauty, according to a recent study by Klarna.
Consumer
US
MARKET
Male Cosmetic Experiencing Explosive Growth in China
Jun 10, 2021
Supported by investors, the Chinese male cosmetics market is accelerating its expansion. Many newly-founded brands achieved good grades in 2020, while some old brands fell behind. These emerging brands showed great performance for several reasons: clear brand position, affordable prices, attractive selling points, and accurate target consumers.
Chinese Mainland
Male Grooming
MARKET
Three Trends in Japan’s Cosmetic Sector amid COVID-19
Jun 03, 2021
Japan’s beauty trends are shifting given the ongoing COVID-19 pandemic, with consumer’s soaring interest in male, face care, and anti-aging products...
Japan
MARKET
Trends in the 2021 Chinese Sunscreen Market
May 25, 2021
New trends in the 2021 Chinese sunscreen market: - Chinese consumers prefer light sunscreen products. - Products in multiple forms spring up in the market, such as sunscreen spray, stick, mousse, and even pill. - New sunscreen products have more functions, such as skincare, moisturizing, anti-oxidation, etc. - Some consumers start to pay attention to partial sunscreens, such as eye skin sunscreen.
Chinese Mainland
Business
MARKET
Kuaishou to Start Its CBEC Business
May 20, 2021
On May 16, 2021, Kuaishou released its cross-border e-commerce (CBEC) regulations, implying the oncoming of its CBEC business. The first-stage business only opens access to four categories: cosmetics, food, clocks & watches, and luxury products. China’s CBEC business soared up in 2020 and is expected to maintain high in growth in 2021, thus attracting the influx of tech giants such as Douyin, Kuaishou, and Meituan.
Chinese Mainland
CBEC
MARKET
Tmall Global New Brand Entry Number Increased by 63% in 2021 Q1
May 11, 2021
In January 2021, more than 600 new overseas brands opened stores on Tmall Global. Tmall Global has upgraded its import strategy this March to facilitate more foreign brands’ entry into the Chinese market.
Chinese Mainland
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[Updated] EU Amends the Use Requirements for 13 Nanomaterials in Cosmetics
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