Citic capital-backed UCO Cosmetics ‘weighing HK IPO’ By Bloomberg Friday, February 26, 2021, 15:35 By Bloomberg In this undated file photo, a shopper shops for cosmetics in Lanzhou, Gansu province. (PHOTO BY PEI QIANG / FOR CHINA DAILY) Hangzhou UCO Cosmetics Co, a Chinese mainland e-commerce servicing company for beauty brands, is considering an initial public offering in the Hong Kong Special Administrative Region that could raise at least US$300 million, according to people familiar with the matter. Hangzhou-based UCO Cosmetics Co helps traditional beauty brands market and sell their products in China on e-commerce portals including Alibaba Group Holding…
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