C-Beauty’s SEA Expansion Is Not What It Looks Like
C-beauty’s Southeast Asia expansion is rewriting the region’s mass beauty market – and the numbers make it hard to ignore. Seven Chinese brands collectively held over 15% of Indonesia’s mass color cosmetics market in 2024, up from 2% in 2019. Skintific ranked first on Shopee Indonesia in Q1 2025. TikTok Shop captured 39% of Vietnam’s…