Cross-border e-commerce technology provider, NetEase Kaola, commits to buying €3 billion of European products over the next three years to increase Chinese consumers’ access to European items.
After looking into inspection standards of imported and exported goods, four industrial bodies set up by the Shan Xi Inspection and Quarantine Bureau have approved bisphenol A and antimony-related testing methods for cosmetics.
Japanese-headquartered Kao Corporation has invested in a new manufacturing plant in the Anhui province, China, in order to reinforce its production base of consumer goods in the country.
A ‘buoyant’ performance in Hong Kong and Macau and strong online sales helped Hong Kong-based cosmetics retailer Sa Sa deliver a 2009 annual turnover of HK$4.1bn (€430m), up 13.9 per cent on the previous year.
An IPO for leading China hair care BaWang has triggered investor interest that saw shares traded at the top end of forecasts, raising €152m for the company.
The Chinese government has acted on promises to improve product
standards 'blacklisting' 10 domestically manufactured cosmetics,
according to press reports.