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1、11SUMMER/FALL 2023JINGDAILY.COMREPORTCONSUMER INSIGHTS AND MARKET ANALYSISDECODING CHINAS DIVERSIFYING BEAUTY MARKET:Prepared exclusively for Transaction:0146847274Follow Uson WeChatSUMMER/FALL 20231 2023 Jing Intelligence.All rights reserved.This is a public report only for the use of the individua

2、l who downloaded it and should not be copied or distributed without permission.REPORTAbout Jing DailyLaunched in 2009,Jing Daily is the leading digital publication on luxury consumer trends in China.It is our mission to understand the forces shaping the future of the luxury industry by bringing our

3、readers the latest news,analysis,features,and reports exploring developments in that landscape.We seek to understand how the definition of luxury,and by turn its consumption,is changing,how the digital landscape in China is developing,and how brands are adapting and taking advantage of those changes

4、.Our readers are industry leaders seeking to understand Chinas complex and rapidly evolving luxury industry.The Jing Group The Jing Group,which includes Jing Daily,China Film Insider,MOVE THE MIND,Jing Travel,Jing Meta,Jing Collabs&Drops and Jing Culture&Crypto,is one of the most trusted English-lan

5、guage sources of news and information about global trends in culture,technology,and the business of luxury and fashion,including Chinese culture and commerce,for institutions,companies and professionals worldwide.The Jing Group also encompasses Jing Intelligence,which brings together the expertise o

6、f a team with decades of experience in the China luxury,culture,technology,branded content,and travel industries.Report CreditsAuthors:Ivy YangEditor:Steve PriceDesigner:Cho Ser JenqCover Photo:Memo Paris Flagship Store in ShanghaiFor editorial inquiries:For partnership opportunities:Charlie Gu,JING