Fintech PR
Yatsen CEO on Science-Backed Beauty, Turnaround Strategy, and Global Positioning
SHANGHAI, April 25, 2025 /PRNewswire/ — On a recent episode of Bloomberg’s China Show, David (Jingfeng) Huang, Founder, Chairman and CEO of Yatsen Holding Ltd. (NYSE: YSG), offered a revealing look into how the Chinese beauty tech company is evolving from a trend-savvy startup into a global innovation leader.
From a growing portfolio of brands to deep investments in science and R&D, Huang positioned Yatsen as a rare hybrid—both agile and deeply rooted in long-term thinking. His message was clear: beauty is being redefined, and Yatsen intends to lead the next era.
A Vision to Build a Tech-Driven Beauty Powerhouse
Founded in 2016, Yatsen first captured attention through Perfect Diary, now a mainstream brand in China. Since then, the company has expanded to 11 brands, spanning mass, masstige, and premium tiers.
Its lineup includes France’s Galenic, focused on cellular anti-aging, the sensorial British skincare brand EVE LOM, and dermatologist-backed Dr.Wu. Together, these brands reflect a deliberate strategy: address varied consumer needs with credible, differentiated propositions.
“Our vision was always to build a next-generation beauty tech company,” Huang explained. “From trend-driven to science-backed, we now offer products across all major segments—what unites them is innovation.”
China’s Beauty Consumers: Smart, Selective, and Innovation-Hungry
The domestic beauty market in China is vast—valued at over RMB 400 billion—yet remains fragmented. Even the top players only command single-digit market shares, giving agile innovators room to grow.
Despite recent macro challenges, Huang is confident: “Chinese consumers are still highly willing to pay—as long as the product truly delivers.”
That belief led to one of Yatsen’s breakout hits: the Biolip Essence Lipstick. Priced similarly to global luxury brands, this hybrid product combines high-performance color with skincare benefits, including patented ingredients that stimulate collagen and reduce lip wrinkles.
“It’s not just makeup. It’s biotech in a lipstick,” Huang said. “And the market responded—we’ve seen strong repurchase and loyalty.”
Science-Led Premiumization: A Strategic Pivot
Yatsen’s transformation goes beyond branding. In 2021, the company initiated a strategic shift: lean harder into skincare, R&D, and innovation-led premiumization. The move was both ambitious and risky, as it involved restructuring operations, reallocating capital, and riding out a tough market cycle.
“Turning around a public company isn’t easy,” said Huang. “But we knew where the market was going—toward science-backed, benefit-driven beauty. We invested over $80 million in R&D, filed 240+ patents, and published in top-tier journals like Nature Medicine and Science Bulletin.”
He added that 3% of Yatsen’s revenue is now allocated to R&D—putting the company among global leaders in innovation spend ratio in the beauty category.
Profitability Resumed, Market Confidence Growing
While Yatsen’s stock price has yet to return to IPO levels, Huang emphasized the fundamentals are stronger than ever.
“Since last quarter, investor feedback has been increasingly positive. But more important than sentiment is performance—we’ve resumed profitable growth, with a long-term focus on value creation,” he said.
The turnaround, built on disciplined brand building and product innovation, has earned Yatsen growing respect among long-term investors.
“We believe the equity market is a weighing machine over time. Our job is to do the right things—R&D, great products, strong brands—and the value will follow.”
Resilience in a Volatile Global Landscape
Huang also addressed concerns around trade and supply chain disruptions, particularly in light of global tariff tensions.
While the beauty industry is highly globalized, Yatsen has insulated itself well. Most of its components and ingredients are sourced domestically, and its primary market remains mainland China.
“We’re not immune, but we’re well-positioned,” he said. “We monitor risks—supplier stability, cross-border issues—but our current exposure is manageable. Still, we stay agile.”
When asked whether cost increases from potential tariffs would be passed on to consumers, Huang pointed to the brand’s focus on delivering value, not just price.
“Consumers are smart. Post-COVID, they’re more price-sensitive, but they’re not chasing the lowest price. They want high value—products that justify their cost.”
A Different Playbook From Global Competitors
Huang believes that Yatsen’s unique blend of local insight and global scientific ambition sets it apart from multinationals struggling to regain ground in China.
“We’re not just following trends—we’re deeply embedded in where Chinese consumer preferences are heading,” he said. “Biotech, neuroscience, ingredient innovation—this is where we’re betting big.”
Yatsen is already seeing results from this strategy with loyal followings for products under brands like Galenic and high-performance serums featuring vitamin A and C.
In a nod to its future direction, Huang revealed that Yatsen is now exploring neuroscience applications in skincare—a niche with massive long-term potential.
Capital Strategy: Transparency, Optionality, and Growth
On the capital markets front, Huang acknowledged investor concerns around ADR delistings and so on. But Yatsen is taking a disciplined, transparent approach.
The company completed a $200 million share buyback, reinforcing confidence and alignment with shareholders.
Yatsen represents a rare blend of scale, agility, and innovation depth. With proven market traction, a science-led product pipeline, and a profitable operating model, the company is positioned to capture long-term share in a fragmented, fast-evolving industry. In terms of Yatsen’s vision, “We’re not just making beauty products,” Huang concluded, “We’re inventing the future of beauty—and we’re just getting started.”
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Forbes Recognizes DXC’s Consulting Excellence in 2025 World’s Best Management Consulting Firms Ranking
ASHBURN, Va., May 16, 2025 /CNW/ – DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been named to the prestigious Forbes World’s Best Management Consulting Firms 2025 list for the third year in a row. Out of 955,000 consulting firms in the U.S., fewer than 0.02% made the ranking, which is based on a rigorous survey of 2,350 clients and peers across 33 categories.
“This recognition highlights DXC’s deep industry expertise and unwavering commitment to driving business transformation through consulting and engineering,” said Howard Boville, President, Consulting & Engineering Services – Powered by AI. “As enterprises accelerate their digital evolution in the era of AI, we continue to deliver intelligent, scalable and secure solutions that help our clients innovate, optimize and gain competitive advantages industries.”
The consulting sector remains one of the most dynamic and rapidly expanding areas within professional services. A recent analysis by the Business Research Company projects that the global management consulting market will exceed $1.07 trillion in 2025, growing from $1.02 trillion in 2024. By 2029, the market is expected to reach approximately $1.33 trillion. To help businesses navigate this vast industry and identify top consulting partners, Forbes and Statista have collaborated to create a definitive ranking of the world’s leading management consulting firms.
DXC earned recognitions in the following categories: Automotive, Digital Transformation, IT, Technology, Telecommunications, and IT Strategy & Implementation. With a global team of 50,000+ highly skilled engineers and consultants, DXC is driving innovation across industries like financial services; healthcare and life sciences; public sector; aerospace and defense; automotive and manufacturing, and more. From improving fraud detection in banking to enhancing safety in autonomous driving, we’re helping clients transform their operations and unlock the potential of AI. The complete list of honorees can be viewed on the Forbes website.
For more information on DXC Consulting and Engineering Services – Powered by AI, visit https://dxc.com/us/en/offerings/analytics-and-engineering
Forward Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
Angelena Abate, Media Relations, [email protected]; Roger Sachs, CFA, Investor Relations, +1-201 259-0801, [email protected]
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New data shows personalized, mobile-first learning is essential to retaining and engaging the newest generation of frontline workers
WATERLOO, ON, May 16, 2025 /PRNewswire/ — Generation Z (Gen Z) is reshaping the workforce—and setting new expectations for how training should support their success. According to Axonify’s latest report, Polling the frontline: Gen Z’s training and skills gaps, more than three-quarters (77%) of frontline Gen Z workers have faced situations where insufficient job-specific skills and training hindered their ability to complete tasks effectively. In these moments, nearly two-thirds (62%) reported feeling overwhelmed and anxious, over half (55%) experienced embarrassment and 14% even considered quitting their jobs. This new data from Axonify, a global leader in frontline training and performance, reveals the urgent need for employers to rethink how they train and support the newest generation of frontline talent.
The report surveyed 500 U.S. Gen Z frontline workers to understand what’s working—and where training is falling flat. For many, training begins and ends at onboarding. One in three received training only when they started their role, while 37% say they don’t have enough time to learn on the job. Others describe the training they did receive as disengaging or irrelevant, with 34% reporting that the content lacked interest or practical value. These gaps have real consequences: 67% of Gen Z workers say more consistent training would help reduce burnout, and 81% believe they would stay longer in their jobs if they had better ongoing support.
For Gen Z frontline workers, it’s not just about how much training they get—it’s about how relevant and applicable it is. Many say the content they receive isn’t personalized, doesn’t reflect their day-to-day challenges or fails to build confidence. In fact, 24% of respondents said they didn’t feel more confident after completing training, highlighting deeper issues with how knowledge is being delivered and reinforced.
“These findings underscore the critical need for employers to rethink their training strategies to better support Gen Z workers,” said Dave Carter, Chief Revenue Officer at Axonify. “By providing personalized, engaging and accessible training programs, organizations can not only bridge existing skills gaps but also enhance employee confidence, productivity and retention. It’s clear that adapting to the preferences of this new generation is essential for building a resilient and effective frontline workforce.”
Gen Z workers aren’t resistant to training—they’re asking for more of it, delivered with purpose, relevance and flexibility. Half of the respondents (50%) want personalized training tailored to their roles and career goals. Meanwhile, 35% prefer short video modules that are quick and easy to understand and another 35% want the option to learn on mobile devices. The shift toward more personalized, continuous learning is reshaping how frontline organizations approach training and development—and Gen Z is shining a spotlight on what they need to succeed. When training reflects these real-life situations, workers report greater confidence (90%), productivity (82%) and job satisfaction (81%)—all of which drive better outcomes for employers.
“This generation is digitally native and eager for work,” said Carter. “When training is personalized, practical and accessible, it enables Gen Z to grow with your organization instead of out of it.”
Learn more about the state of Gen Z frontline training in full – Polling the frontline: Gen Z’s training and skills gaps
Survey methodology: Axonify surveyed 500 retail, hospitality and food and beverage frontline workers within Generation Z (age 18- 28) in the U.S. using the online insights platform Pollfish. This survey was completed in April 2025.
About Axonify
Axonify is the #1 frontline-forward training and performance platform used by companies like Walmart, Kroger and Foot Locker. Over 4M users in 160+ countries use Axonify to onboard and train in five minutes a day. With personalized, AI-powered microlearning, custom training content, embedded communication, task management and more, Axonify is revolutionizing the way frontline workers learn, connect and get things done. Axonify is headquartered in Waterloo, Ontario, Canada. For more information, visit axonify.com.
Media Contact:
Niveen Saleh
PR and Communications Manager
[email protected]
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NEW YORK, May 16, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.
Kristen Scholer delivers the pre-market update on May 16th
- U.S. equities trend higher, with the S&P 500 extending its win streak and closing just 3.7% below its record high, driven by easing trade tensions with China and softer-than-expected inflation data.
- The Producer Price Index unexpectedly fell in April, and retail sales saw only a slight increase, both contributing to positive market sentiment this week.
- As the NYSE celebrates its 233rd anniversary, it highlights major milestones including the launch of NYSE Texas and the trading innovations to allow efficient processing of historic message volume across its markets.
Opening Bell
The New York Stock Exchange welcomes ALS United to the podium to recognize ALS Awareness Month.
Closing Bell
The Asian American and Pacific Islander community celebrates AAPI Heritage Month at the NYSE’s 3rd Annual AAPI Bell Celebration.
Download the NYSE TV App and Subscribe Here
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