Wuxi's new beauty industry park to fuel sector growth
At the opening ceremony, several major initiatives were launched. The China Association of Fragrance, Flavor, and Cosmetic Industries, China Cleaning Industry Association, and China Oral Care Industry Association established a collaborative research base; A research commercialization center focusing on skin repair, anti-aging, and scar treatment was launched; Jiangnan University and Grasse Institute of Perfumery announced the construction of a joint laboratory.
The event also saw the launch of a fund aimed at supporting outstanding Chinese brands in expanding internationally. Peng Song, a partner at Midas Investment, one of the fund's initiators, noted that Chinese beauty brands are strengthening their market presence and operational capabilities.
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