Singaporean e-commerce platform, Shopee has backpeddled on its Indian launch mere months after its arrival, announcing that it is quitting the market, according to a report published by Entracker.
LG Household & Healthcare is set to offer membership to consumers using non-fungible tokens (NFT), according to a report by Aju Daily.
Shiseido has announced that it has agreed to buy a minority stake in Perfect Corp. The transaction is expected to close in the third quarter of the year and follows Perfect’s announcement that it will be publicly listed on Nasdaq.
AmorePacific-owned Etude House has announced the closure of its last remaining bricks and mortar location in Singapore, according to a report published by Marketing Interactive.
Japan Airlines has launched a dedicated cross-border WeChat channel to help J-beauty brands reach Chinese shoppers, according to a report published by Nikkei Asia.
AmorePacific has developed the world’s first intelligent tactile sensor that is capable of measuring skin sensations. The new sensor will help the K-beauty giant to refine and optimise the texture of the cosmetics it develops.
The owner of popular social media platform TikTok, ByteDance has unveiled its own fragrance line, according to a report published by Charged Retail Tech News.
Indonesian beauty products start-up Social Bella is in talks with investors to raise between US$150 million to US$200 million as part of a growth push to boost its valuation past US$1 billion, giving it unicorn status, according to Bloomberg.
Clarins has released a statement concerning a data security incident that may affect its Singaporean customers, according to a report published by The Singapore Time.
Good Glamm Group has announced that Plixxo, MissMalini, Winkl and Vidooly have come together as the Good Creator Co. As part of the move, Good Glamm has stealth-mode acquired Winkl and Vidooly, which have both been spun off as part of the Good Creator Co.