Apr 30, 2021
Monthly Digest: China Cosmetics Industry Review | April 2021
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Market Updates

1.       Multiple sources confirm that ByteDance is developing a new independent e-commerce App. This App will share traffic with other Apps in ByteDance group, including Douyin and TouTiao. After achieving 500 billion yuan GMV in 2020, ByteDance is expanding its e-commerce business step by step.

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Ye Chen
ChemLinked Research Analyst
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