Business
Harvest Capital Invests US$40 Million in CHANDO Group, Marking a New Chapter for the Leading China Beauty Brand
In a major development for China's cosmetic industry, CHANDO Group, a leading homegrown cosmetics brand, has completed a new round of financing. Harvest Capital has invested ¥300 million (over US$40 million) in this round, with global beauty giant L'Oréal also participating as an industrial partner. This historic collaboration signals the beginning of a new chapter for CHANDO Group, as it joins forces with well-known consumer funds and international industry leaders to propel the company toward
About this update from L'oreal S.a.
[{"type":"text","content":"HONG KONG, Oct. 13, 2025 /PRNewswire/ -- In a major development for China's cosmetic industry, CHANDO Group, a leading homegrown cosmetics brand, has completed a new round of financing. Harvest Capital has invested ¥300 million (over US$40 million) in this round, with global beauty giant L'Oréal also participating as an industrial partner. This historic collaboration signals the beginning of a new chapter for CHANDO Group, as it joins forces with well-known consumer funds and international industry leaders to propel the company toward high-quality, sustainable growth.","length":587,"tagName":"p"},{"type":"text","content":"Two Decades of Beauty Leadership: Building a Multi-Brand, Full Supply Chain, and Digitally-Driven Enterprise","length":108,"tagName":"p"},{"type":"text","content":"Founded in 2001, CHANDO Group has consistently adhered to its brand philosophy, "Beautiful, as you are." dedicating itself to providing consumers worldwide with affordable, high-quality products for beauty and healthy living. According to data from Frost & Sullivan, as of 2024, CHANDO is the third-largest Chinese cosmetics group by retail sales. Its flagship brand, CHANDO, has ranked among the top two Chinese beauty brands by retail sales every year from 2013 to 2024, showcasing the company's resilience across industry cycles.","length":550,"tagName":"p"},{"type":"text","content":"Over the past two decades, CHANDO Group has evolved into a comprehensive enterprise that encompasses independent raw material sourcing, R&D, and manufacturing, with a fully integrated digital operating system and efficient direct-to-consumer (DTC) channels. Leveraging its robust capabilities, the company has expanded its portfolio to include multiple brands, such as CHANDO, Perfection Research, Chunxia, Meisu, and Jichu, covering a wide range of product categories including skincare, cosmetics, personal care, men's grooming, and baby care.","length":553,"tagName":"p"},{"type":"text","content":"Technology-Driven Beauty Innovation: Consistent Breakthroughs in R&D","length":72,"tagName":"p"},{"type":"text","content":"In a highly competitive China beauty market, CHANDO Group has remained a frontrunner by relentlessly driving brand innovation through technology. The company is committed to meeting consumers' demand for products that...