Company News

The Book on Perfect Diary

Chinese beauty brand is flying high.

Put it in the books! Perfect Diary, the four-year-old Chinese online makeup brand, is in talks to raise between $100 million and $200 million. The brand is riding a wave of rebounding internet shopping and rising nationalism among young Chinese consumers. If successful, the investment would double the startup’s valuation to $4 billion from $2 billion when it last raised capital in March in a round of financing led by Tiger Global Management, people familiar with the talks said. With a bus...

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