It’s worth noting that in 2023, Yatsen Holding’s annual R&D expenses amounted to 110 million yuan, with the annual R&D expenditure ratio increasing from 2.4% in 2021 to 3.3%.

Youngor has increased its investment in the fashion industry while reducing investments in other unrelated industries, making its focus more defined!

In 2023, Botanee expanded into overseas markets by establishing its Southeast Asia regional headquarters in Bangkok, Thailand.

Proya has announced its intention to explore opportunities for overseas expansion.

In the Chinese Mainland market, the momentum is particularly strong for high-end skincare products, especially Helena Rubinstein, and licensed luxury brands such as Yves Saint Laurent, Maison Margiela, Prada, and Valentino.

The Chief Financial Officer of LVMH Group stated that it is encouraging that the number of Chinese customers globally has increased by 10% year-on-year.

Porsche plans to launch its largest-ever product release offensive in the company’s history in 2024.

Jean-Jacques Guiony admitted that compared to the high growth of the past few years, the current “normalization” seems abnormal.

The group expects that in the second half of the 2024 fiscal year and for the full year, the business in the Greater China market is projected to achieve revenue growth and a slight increase in profit.

In the fourth quarter of fiscal year 2024, Chow Tai Fook’s overall retail value increased by 12.4% year-on-year, with growth rates of 29.4%, 5.8%, and 46.1% in the preceding three quarters, respectively.