What do you work for?No. 188

Learning from China's Beauty Consumers — The Fastest-Evolving Eyes in the World

No account of world beauty can bypass the transformation of China's consumers: 1.4 billion people, among the largest beauty spending on earth, and urban consumers whose eyes now rank among the most demanding anywhere. Japanese discourse tends to split between "dream market" and "market of fearsome regulation and competition." As a maker, what I want to look at is not the market's size but how its consumers learn.

They research ingredients on social media, question sellers on live commerce until satisfied, and coolly compare domestic and foreign brands. The era when "imported" alone sold is over; C-beauty has risen fast in both quality and marketing. These are consumers who now demand story and quality together faster than anyone.

That is a question to every maker in the world: can you answer honestly when asked about ingredients and processes? Consumers everywhere will sooner or later acquire the same eyes, and knowing the most demanding eyes raises the standard of one's own work. Change of a different magnitude is not something to fear, but something to learn from. What do you work for?

— Tomoki Nagano, Chairman & CEO, INSTINCT BIO TECHNICAL COMPANY (NASDAQ: BIOT)

About the Company

The Nasdaq-listed company where the author serves as Chairman.

This series reflects the personal views of the author. It is not an earnings forecast, a valuation of any security, or a solicitation to invest.