Is the Chinese cosmetic unicorn Perfect Diary sustainable?

Perfect Diary, the Chinese cosmetic brand that has nerved some international peers in China, reported a growth of 6% in its net revenues for the third quarter in 2021. Although the rise, from 1.27 billion RMB ($198.84 million)  to 1.34 billion RMB ($209.79 million), from the previous year’s Q3 earnings is applaudable, behind the single-digit … Continue reading Is the Chinese cosmetic unicorn Perfect Diary sustainable?