It was reported on November 2 that “more than 50% of the first-line local cosmetics enterprises will join the new brand plan by October next year,” Chen Qiu, vice president of pinduoduo, said at the “Guangzhou cosmetics new brand plan conference” today. Chen also revealed that pinduoduo will take root in China’s cosmetics industry belt in the next two years, and cultivate 5 billion level new cosmetics brands, including 10 1 billion level new first-line cosmetics brands, so as to better meet the consumer demand of the people. ” < / P > < p > the “Guangzhou cosmetics new brand planning conference” was held in Baiyun District, Guangzhou. There are 1300 cosmetics production enterprises and more than 4000 business enterprises, and the number of cosmetics enterprises accounts for one third of the country. According to statistics, the annual sales volume of China’s cosmetics industry will exceed 400 billion yuan in 2019, with a year-on-year growth of more than 10%, and online sales growth of more than 20%, of which pinduoduo’s growth is more than 3-digit. < p > < p > from October 2019, pinduoduo has established new beauty and skin care brands such as “Ruijia”, “baihuacui”, “huaersheng”, “Shuer”, “Beili” and other cosmetics groups. As of October 30, 2020, hundreds of customized products have been launched. < p > < p > according to Chen Qiu, pinduoduo will continue to promote the new brand incubation mode of “reverse customization and integration of product and marketing”, so as to help local cosmetics enterprises integrate into the new trend of domestic products and incubate new brands of domestic cosmetics in batch. < / P > < p > “on the one hand, we will cooperate with enterprises to launch customized products with high cost performance ratio based on user consumption data, and quickly create explosive products in the industry; on the other hand, we will improve the operation ability of enterprises, promote their continuous participation in various on-site activities and off-site broadcasting, and promote the full exposure of enterprise brands.” Chen Qiu said. More Samsung devices can now run Android applications on PC through your phone