PARIS – L’Oréal has agreed to take a minority stake in Shinehigh Innovation, a Chinese innovation-led biotech company specializing in supramolecular chemistry.
This marks the primary open innovation investment the wonder giant has made through Shanghai Meicifang Investment Co. Ltd., L’Oréal China’s investment company, with support from Business Opportunities for L’Oréal Development, or BOLD, which is the group’s strategic innovation enterprise capital fund.
It's also the primary investment from L’Oréal’s Big Bang Tech Innovation Challenge, which the corporate launched 4 years ago in China.
Scientist Jiaheng Zhang founded Shinehigh Innovation in China in 2017.
“Its breakthrough smart self-assembling technology allows previously inconceivable ingredient mixtures, leading to end-products with greater efficacy and sustainability,” L’Oréal said in a press release released Friday.
“The partnership will enable L’Oréal...
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