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The China beauty market soars as consumers increasingly seek out homegrown brands.
March 19, 2021
By: Charlie Sternberg
Associate Editor
Yatsen Holding Limited, a leader in the China beauty market, has shared its unaudited financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter Results Total net revenues for the fourth quarter of 2020 increased 71.7% to RMB 1.96 billion ($300.6 million) from RMB 1.14 billion for the fourth quarter of 2019. This increase was primarily attributable to the growth in sales volume of the company’s beauty products driven by an increase in the number of custome...
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