R&D spending of China's leading cosmetics enterprises Q1-Q3 2023
In the first three quarters of 2023, Bloomage BioTechnology invested 227 million yuan in research and development (R&D), the most among China's leading cosmetics-related companies. Yunnan Botanee Bio-Technology followed with 182 million yuan. That year, the leading 10 cosmetics companies in China have applied for 396 patents in total, among which 80 and 79, respectively, were applied by Bloomage BioTechnology and Yunnan Botanee Bio-Technology.