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Son Of China’s Richest Man Bets On Beijing-Based Anti-Aging Beauty Start-Up

February 13, 2017

Wang Sicong, the son of China’s richest man Dalian Wanda Group’s Wang Jianlin, has made his first bet in the beauty industry by backing a new concept anti-aging beauty brand in China, Ningyue.

Founded in June 2016, Ningyue has raised tens of millions RMB from an unidentified Chinese investor, and is near closing a RMB100 million (US$14 million) pre-A round from unnamed investors, the start-up announced in Beijing.

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Source: China Money Network