Alibaba Group Holding Ltd and its Ant Financial Services Group launched the CSI Taojin Big Data 100 Index, an e-commerce stock tracking index. Part of the company's efforts to become a full-fledged Internet financial services operator. Also, the company plans to launch MYbank online bank in June 2015, following the launch of rival Tencent Holdings Ltd's Internet bank WeBank in January 2015.
"UPDATE 1-Alibaba steps up China online finance network push with new index, bank", Reuters, April 09, 2015
L'Oreal reported sales in mainland China grew 7.7 percent to 14.3 billion yuan, or $2.31 billion, in 2014, compared with the previous year. According to the French cosmetics company, 2014 marked the 18th consecutive year of growth in the country, the second-largest cosmetics market in the world. L'Oreal China CEO Alexis Perakis-Valat said his company's growth in China was driven by increased investment in research and innovation, online sales growth, channel expansion, and the contribution of the MAGIC mask brand.
"L’Oreal sales rise by 7.7% in the Chinese mainland year-on-year", Global Times , March 31, 2015
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Nielsen China, April 02, 2015
Jing Daily, March 24, 2015
Euromonitor International, March 15, 2015
NewHope360.com, March 06, 2015
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