Mar 01, 2021
Monthly Digest: China Cosmetics Industry Review | February 2021

Market updates

1.       Douyin e-commerce’s total GMV in 2020 exceeded 500 billion yuan, more than three times in 2019. Douyin will start its cross-border e-commerce (CBEC) business in 2021, probably in March, a good opportunity for overseas brands. More details can be found on ChemLinked.

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Ye Chen
ChemLinked Research Analyst
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