Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Chinese Makeup Brand Yuetong Secures Funding

Wosado
Wosado. 36Kr.

Chinese eye makeup and fake lash brand Yuetong secured tens of millions of yuan in a Pre-Series-A funding round, led by Magic Capital followed by Fengwu Capital, according to 36Kr. The investment will be used to improve the brand’s supply chain, increase production and expand offline stores.

Founded in 2017, Yuetong was initially sold in the US before returning to the domestic market. Its core products are soft magnetic false eyelashes developed by DuPont and manufactured by its own Chinese factories. In a previous interview, founder Zhao Weisheng said that the GMV (gross merchandise value) of parent company Maigemei surpassed 200 million yuan ($31 million) last October.

Zhao previously cited a conservative estimate for China’s rapidly growing soft magnetic eyelashes market of about 40 billion yuan ($6.2 billion). According to Qianbidao, a financial media data provider, there were more than 800 new Chinese false eyelash enterprises registered in the last two years alone.

In This Article
Topics

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from China
Go inside the opaque giant that accounts for one-third of global luxury sales.
view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty Global Awards - Deadline 30 April 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The Business of Beauty Global Awards - Deadline 30 April 2024