Four Highlights from the 2020 Tmall Beauty Awards
During the 2020 Tmall beauty awards, data on the performance of beauty products sold on Tmall was offered. Tmall now accounts for 30% of all cosmetics sold in China.
Tmall’s beauty sector grew by 61% and had 260 million consumers in 2019.
16 beauty brands recorded over 1 billion RMB in annual turnover and over 430 thousand new products were introduced to Chinese consumers
Tmall’s beauty sector continues to grow strongly despite the negative influence of COVID-19.
Tmall Beauty released its “Spring Thunder Plan” to promote the development of the beauty sector, and to help support small and medium-sized beauty brands.