Cosmetics giants chase growth in mainland

The China market has been good to leading global cosmetics companies last year. The latter posted significant business growth on the back of e-commerce and customized products, which confirmed tremendous growth potential in the market, experts said.

According to the 2018 annual results of French cosmetics giant L'Oreal, sales in the Asia-Pacific region, driven by China, have overtaken North America for the first time in history, exceeding 7 billion euros ($7.92 billion).

Its sales worldwide reached 26.9 billion euros last year, up 7 percent from 2017, it said.