Shifei Biotech has invested 250 million yuan for its 222,454-sq ft project within the Beauty and Healthcare Industrial Park in Guangzhou. Photo: Iris Ouyang Shifei Biotech has invested 250 million yuan for its 222,454-sq ft project within the Beauty and Healthcare Industrial Park in Guangzhou. Photo: Iris Ouyang
Shifei Biotech has invested 250 million yuan for its 222,454-sq ft project within the Beauty and Healthcare Industrial Park in Guangzhou. Photo: Iris Ouyang

Guangzhou prepares for L’Oreal, Estee Lauder onslaught with ‘beauty park’ to fight in US$51.8 billion home cosmetics market

  • Guangzhou is building an industrial park to accommodate cosmetics and skincare makers and spearhead China’s home market and rival global brands
  • The city, the second-largest economy in Greater Bay Area, is expected to unveil more favourable policies in 2021 to support the industry

Knowledge |   Greater Bay Area
Shifei Biotech has invested 250 million yuan for its 222,454-sq ft project within the Beauty and Healthcare Industrial Park in Guangzhou. Photo: Iris Ouyang Shifei Biotech has invested 250 million yuan for its 222,454-sq ft project within the Beauty and Healthcare Industrial Park in Guangzhou. Photo: Iris Ouyang
Shifei Biotech has invested 250 million yuan for its 222,454-sq ft project within the Beauty and Healthcare Industrial Park in Guangzhou. Photo: Iris Ouyang
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