4 Min Read |

Japanese and Korean firms have relied too heavily on mainland shoppers who resell goods at home. Beijing’s crackdown should force a rethink.

Asia’s makeup brands are starting to look ugly.

Shares of Japanese and South Korean cosmetics makers have been melting this month, as Beijing cracks down on daigou, Chinese travelers who buy everything from infant formula to skincare products for resale at home, often to friends and relatives. These shoppers tend to be…

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Updated December 2022

by Richard McKeon