SHANGHAI, Nov. 13, 2025 /PRNewswire/ — Yatsen Group (NYSE: YSG), a leading multi-brand beauty company, has released Yatsen Group Beauty Innovation Insight — China’s first comprehensive report exploring innovation across beauty science, sustainability, and corporate responsibility.

The publication signals a milestone in the evolution of China’s beauty industry from brand storytelling to scientific leadership, and highlights Yatsen’s growing influence within the global research and development (R&D) community.

Defining Chinese Innovation from a Global Perspective

As the first white paper of its kind in China, Yatsen Group Beauty Innovation Insight centers on the theme of scientific innovation and includes six chapters spanning global R&D networks, technological breakthroughs, efficacy validation, and sustainable development.

At its launch ceremony in Shanghai’s Jing’an District, attended by government, academic, and industry leaders, Yatsen presented the white paper as both a reflection of its scientific progress and a statement of its global innovation roadmap.

“Our ambition to become a world-class technology-driven beauty pioneer is founded on years of consistent R&D investment and a commitment to scientific rigor,” said David (Jinfeng) Huang, Founder, Chairman, and CEO of Yatsen Group. “We are building a future where global research, global talent, and global markets intersect.”

Dr. Vania Leite, President of the International Federation of Societies of Cosmetic Chemists (IFSCC), contributed the report’s foreword:

“This is the first white paper from a Chinese beauty company to interpret cosmetic innovation through a global lens. Science knows no borders, and beauty knows no boundaries — this report serves as a bridge connecting China’s beauty science with the world.”

In August, Yatsen debuted the English edition of the white paper at the 35th IFSCC Congress — marking the first time Chinese cosmetic R&D achievements were presented in a comprehensive, internationally peer-reviewed format. Over the past four years, Yatsen has participated in major dermatological and cosmetic congresses, including the IFSCC, EADV, ADC, and WCD, strengthening China’s scientific voice in the global beauty dialogue.

From Lab to Market: Turning Science into Beauty

The Insight highlights how Yatsen transforms laboratory research into real consumer impact — an essential measure of innovation’s value.

Perfect Diary, Yatsen’s flagship brand, co-published the industry’s first Makeup Skinification Report with the China Association of Fragrance Flavor and Cosmetic Industries (CAFFCI) and Ruijin Hospital of Shanghai Jiao Tong University School of Medicine. The brand also launched its third-generation Biotec™ Technology, inspired by five Nobel Prize-recognized scientific discoveries that redefine how makeup enhances skin health.

In premium skincare, Galénic’s patented ActiveAnchor® technology has improved the dermal penetration of water-soluble Vitamin C, while EVE LOM has pioneered the world’s first Emotional Skincare Science framework, establishing new standards for mood-based skincare efficacy evaluation.

Yatsen’s Open Lab ecosystem connects more than 20 research collaborations across industry, academia, and medicine — including partnerships with Sun Yat-sen University, Fudan University, Ruijin Hospital, and Hôpital Saint-Louis in France. Since 2022, Yatsen has published 32 peer-reviewed papers in journals such as Science Bulletin and Nature Medicine, and has filed 252 global patents, including 78 invention applications.

“With a clear roadmap and deep interdisciplinary collaboration, we aim not only to innovate, but to lead how innovation is practiced in the beauty sector,” said Cheng Jing, Chief Scientific Officer of Yatsen Group.

Sustainable Innovation and Social Impact

Beyond R&D, Yatsen’s innovation philosophy extends to sustainability and social impact. The Group has published four consecutive ESG reports since 2021 and achieved an MSCI ESG Rating of A for two years running — the only Chinese beauty company to do so.

Aligned with China’s dual-carbon goals, Yatsen integrates low-carbon practices throughout its operations — from carbon audits and green sourcing to sustainable packaging. Perfect Diary’s “Slim Heel Lipstick” became one of the first beauty products in China to receive a Product Carbon Footprint Certification.

Premium brands have followed suit: EVE LOM now uses 100% FSC-certified recycled paper across all outer packaging, while Galénic has introduced refillable jar systems and removed printed inserts, cutting material usage by over 50%. The Galénic Skin Science Research Foundation further supports dermatological research globally, reinforcing Yatsen’s vision of beauty with purpose.

About Yatsen Group

Since its NYSE listing in 2020, Yatsen Group has made R&D the cornerstone of its strategy — investing more than RMB 600 million to date and maintaining R&D spending above 3% of annual revenue. The Group operates three global R&D centers in Shanghai, Guangzhou, and Toulouse (France), supported by six joint laboratories and over 20 international collaborations.

The Group’s “1-3-4-6-20 Global Research Network” includes:

• 1 world-class biotech manufacturing facility
• 3 proprietary R&D centers
• 4 frontier research domains: Biotechnology, Scientific Skincare, Emotional Skincare, and Skin Data Science
• 6 joint laboratories
• 20+ academic and industry partnerships

As of mid-2025, skincare represents more than half of Yatsen’s total revenue — positioning the company among the top ten Chinese beauty enterprises by R&D investment and scientific capability.

“The future of beauty will be defined at the intersection of science, sustainability, and culture,” said David Huang. “Our mission is to help shape that future — responsibly, collaboratively, and globally.”

Co-branded Chinatown flagship store in Singapore launched

SINGAPORE, Nov. 13, 2025 /PRNewswire/ — Western Union and TenPay Global, Tencent’s cross-border payment platform, have today announced the launch of a wide-ranging strategic partnership to drive innovation with a customer-first mindset, bringing together the physical and digital worlds together in a true omni-channel remittance experience. The partnership marks a global first for Western Union and debuts with the launch of a co-branded flagship store in Singapore’s Chinatown, to enhance the efficiency of remittances through Weixin Mini Program within the Weixin ecosystem.

The partnership brings together Western Union’s trusted retail network with TenPay Global’s cross-border payment capabilities, providing customers with an integrated digital – physical experience. At the new flagship store, customers can send money abroad by entering the transaction details on their mobile devices. Once confirmed, customers can complete the transaction in cash or through supported digital methods at the counter. Repeat sender and receiver information is automatically pre-filled, reducing filling up physical forms and saving time for customers.

Vince Tallent, Senior Vice President, Head of Asia-Pacific for Western Union, said: “We are delighted to be partnering with Tencent, one of the world’s most innovative technology companies. During our 25 years of operating in Singapore, we have always had one priority: to serve our customers in the best way possible by connecting them to their families and loved ones with greater flexibility and trust.  We will always be where our customers want us to be. The strategic partnership with Tencent marks an exciting new chapter in our presence in the country, bringing together the two ecosystems in one innovative, seamless experience for our customers.”

Wenhui Yang, CEO of TenPay Global (Singapore) said: “TenPay Global is excited to deepen its collaboration with Western Union to expand the reach of our cross-border payment capabilities. Through the Weixin and Mini Programs ecosystem, we are empowering digital transformation in offline remittances to enable users to enjoy a smoother, more connected, and efficient remittance experience. By integrating digital innovation with Western Union’s extensive retail network and trusted global brand, we are bridging online and offline channels to make cross-border money transfers more inclusive, convenient, and accessible to everyone.”

The co-branded flagship store is located in Singapore’s Chinatown, at the People’s Park Complex and is one of Western Union’s 20 branches in the city state.

Notes to editors:

References to Western Union in Singapore are to Western Union Global Network Pte. Ltd., which holds a Major Payment Institution license under the Payment Services Act 2019, and the party providing payment services under the Payment Services Act 2019.

About Western Union

The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments — across more than 200 countries and territories and over 130 currencies — to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.

About TenPay Global

TenPay Global is Tencent’s cross-border payment platform, comprising a network of licensed financial institutions under Tencent. By connecting the Weixin ecosystem, global payment partners, and international users and scenarios, TenPay Global provides end-to-end payment solutions for cross-border remittances, consumption, and commerce. Backed by years of industry experience and a robust risk management framework, TenPay Global delivers world-class standards in system reliability, fund security, and regulatory compliance.
www.tenpayglobal.com

Flytxt is recognized for its outcome-driven Agentic AI platform that redefines customer experience through autonomous intelligence, measurable impact, and seamless usability.

SAN ANTONIO, Nov. 13, 2025 /PRNewswire/ — Frost & Sullivan has honored Flytxt with the 2025 Global Company of the Year Recognition in the Global Agentic AI for Customer Experience (CX) industry. The recognition underscores Flytxt’s pioneering role in leveraging the next generation of AI technologies to help enterprises optimize decision-making and drive superior CX and business outcomes at scale.

The recognition underscores Flytxt’s pioneering role in leveraging the next generation of AI technologies to help enterprises optimize decision-making and drive superior CX and business outcomes at scale.

Frost & Sullivan’s Best Practices benchmarking framework evaluates companies on two critical dimensions, strategy effectiveness and strategy execution. Flytxt excelled in both, demonstrating a clear ability to translate its long-term AI vision into impactful solutions and measurable business value for their clients.

“Frost & Sullivan recognizes Flytxt for its unwavering commitment to transforming enterprise CX through outcome-driven, Agentic AI. By combining massive training and federated learning, Flytxt has redefined how enterprises can make use of AI for autonomous decision-making and seamless execution to drive growth outcomes,” said Soumyadeep Roy Chowdhury, Senior industry analyst, TechVision–ICT at Frost & Sullivan.

Flytxt continues to anticipate and respond to evolving market dynamics through continuous AI innovation and product advancement. Its recently launched Agentic AI platform, Niya-X unifies sales, marketing, product, and customer care workflows, enabling autonomous decisions and actions aligned with specific business outcomes. Having access to massive training with trillions of real-world data points, Flytxt’s AI agents possess deep contextual intelligence to plan, decide, and act for measurable results such as lower churn, higher revenue, or improved product profitability.

“This recognition reflects our vision to make the best Enterprise AI purpose-built for optimizing marketplace efficiency,” said Dr. Vinod Vasudevan, CEO of Flytxt. Continuously learning from real-world marketplaces, Flytxt AI understands what drives business outcomes in any given context and why. It reasons from evidence and hence orchestrates the best possible decisions and actions across every customer, product, and channel. This approach helps enterprises to achieve measurable, and scalable outcomes faster”, he added.

The company’s strong focus on making its AI highly usable and collaborative differentiates it in a crowded market. Industry-standard APIs make its integration smooth with existing systems and workflows, allowing clients to achieve rapid time-to-value. Whether improving retention for telco or enhancing customer journeys in digital-first businesses or driving cross-selling in banking and financial services, Flytxt’s AI solutions delivers sustained impact for its clients globally.

Internally, Flytxt mirrors its customer excellence through operational efficiency and a culture of innovation. Its standardized AI delivery frameworks, reusable model libraries, and automated pipelines enable fast, reliable AI solution rollouts across global enterprises. Cross-functional R&D teams drive ongoing advancements in AI autonomy, ensuring Flytxt remains at the forefront of technology leadership while fostering employee creativity and collaboration.

Frost & Sullivan commends Flytxt for setting a benchmark in strategic execution, product excellence, and customer engagement. The company’s vision for autonomous decision-making and its deep contextual intelligence position it as a transformative force shaping the future of the agentic AI for CX landscape.

Each year, Frost & Sullivan presents the Company of the Year Recognition to an organization that demonstrates exceptional strategy development and execution, resulting in measurable improvements in market share, customer satisfaction, and operational performance. Flytxt’s achievement reflects a balance of visionary leadership, technological sophistication, and consistent value delivery that elevates the standard for the global AI ecosystem.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com

About Flytxt
Flytxt is a pioneer in delivering massively trained Agentic AI solutions that drive measurable business outcomes for enterprise marketplaces. Its award-winning AI is powered by a unique Federated Learning Engine that combines causal learnings across markets and use cases to consistently improve accuracy and results over time. Headquartered in the Netherlands, Flytxt collaborates with over 80 enterprises in more than 50 countries. The company has a corporate office in Dubai, AI Innovation and Development Centers in India, and sales presence in Mexico, Colombia, France, Germany and Kenya.

Contact:
Pravin Vijay
E: Pravin.vijay@flytxt.com