Beauty products retailer NOISY Beauty secures RMB10m financing led by ZhenFund

Beauty products retailer NOISY Beauty announced that it has completed a Pre-A round of financing of over ten million yuan, led by ZhenFund and joined by Fosun RZ Capital.

Beauty products retailer NOISY Beauty announced that it has completed a Pre-A round of financing of over ten million yuan, led by ZhenFund and joined by Fosun RZ Capital.

NOISY Beauty has opened dozens of stores in Guangdong, Jiangxi and other provinces. In 2019, the sales volume exceeded 20 million yuan. By 2020, the amount is expected to reach 1 billion.

Leading investor ZhenFund, said: “NOISY Beauty has been iterating with high-quality products and services for more than a year since its inception. The company brings an excellent shopping experience to the younger generation of beauty products consumers. ZhenFund is optimistic about the strong learning ability and rich offline retail experience of the NOISY Beauty team. We also expect it to help promote the development of the Chinese beauty products industry and create more value for consumers.”

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/beauty-products-retailer-noisy-beauty-secures-rmb10m-financing-led-by-zhenfund/.

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