L’Oréal has taken a minority stake in mass-market Chinese skincare brand Lan on the heels of a $62 million investment in C-beauty unicorn Chando.WHO: Founded by Xiaolan Ding in 2019, Lan is a clean skincare brand inspired by the noble purity of the orchid, which symbolizes the quiet power of internal exploration and growth. Lan aims to bring Eastern traditions and herbs to the world through simplified skincare powered by biotechnologies such as molecular oil extraction and botanical healing.Business Opportunities for L'Oréal Development (BOLD) was founded in December 2018 as a corporate venture capital fund aiming to take minority stakes in innovative companies and brands with high growth potential. The fund invests in new business models in marketing, R&I, digital, retail, communication, supply chain, and packaging, and provides start-ups with L'Oréal's expertise, networking, and mentorship.Shanghai Meicifang Investment Co., Ltd (Meicifang) is L'Oréal’s first investment company in a single market founded apart from the headquarter region. The core of this corporate venture capital fund is to invest in the future of beauty and to cooperate with more Chinese partners and talents, with priorities being C-beauty brands, beauty tech, value chain/operation, future science, and sustainability.IN THEIR OWN WORDS: L’Oréal's Asia President and China CEO, Vincent Boinay, said, “We firmly believe investing in China is investing in the future, and we will continue to cultivate the Chinese market, work with more Chinese brands to create a beautiful future and meet the expectations of sophisticated Chinese consumers.”DETAILS:L’Oréal took a minority stake in Lan.