Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
First snow to fall in Seoul on Wednesday
-
4
Man convicted after binge eating to avoid military service
-
5
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
6
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
7
S. Korea not to attend Sado mine memorial: foreign ministry
-
8
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
9
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
10
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
[THE INVESTOR] Cosmax will operate an online flagship store on Chinese business-to-consumer platform Tmall.com, it announced on Oct. 4.
South Korea’s largest cosmetics original development manufacturer, through its Chinese corporation, will partner with the domestic version of Tmall, a spinoff of China’s largest online retailer Alibaba Group Holding.
Tmall is the largest third-party platform for brands and retailers in China by gross merchandise volume, and has 69.8 percent market share in the domestic online cosmetics market estimated to be 32 trillion won (US$28.98 billion).
South Korea’s largest cosmetics original development manufacturer, through its Chinese corporation, will partner with the domestic version of Tmall, a spinoff of China’s largest online retailer Alibaba Group Holding.
Tmall is the largest third-party platform for brands and retailers in China by gross merchandise volume, and has 69.8 percent market share in the domestic online cosmetics market estimated to be 32 trillion won (US$28.98 billion).
Cosmax will be entitled to multiple benefits including exemption from deposits and local business license for at least two years, as well as fast track procedure in acquiring approval from China Food and Drug Administration.
By Hwang You-mee (glamazon@heraldcorp.com)
![[More than APT] Residents, architects together design homes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/24/20241124050036_0.jpg&u=)
