Regional Synergy for Shared Success
Mainland China Challenge Now Open for Applications
SHANGHAI,April 4, 2025/PRNewswire/ -- At L'OréalChina's2024/2025 Annual Results Press Meeting, 2025 L'Oréal BIG BANG Beauty Tech Innovation Program ("BIG BANG") was unveiled, centered around the theme of"Elevate the Innovation Game For the Future". The program, which has now broadened its reach throughoutNorth Asia, continues to encourage startups and SMEs to accelerate their innovative efforts, aiming to catalyze significant advancements in beauty technology solutions and reshape the future of beauty.
Vincent Boinay, President of L'OréalNorth Asiaand CEO of L'OréalChina, emphasized:"We are enhancing and unlocking the full potential ofChina'sopen innovation ecosystem. BIG BANG, a pioneering platform born inChina, exemplifies this vision—harnessing innovation to transform our industry."
As the first beauty tech open innovation challenge inNorth Asia, BIG BANG was launched inChinain 2020 and has since been expanded to include five markets across theNorth Asiaregion. By 2024, the program, had engaged over 2,200 startups and SMEs over the past five years, incubating over 60 market-ready projects. In the 2025 Mainland China challenge that opens today, BIG BANG continues to collaborate with the Oriental Beauty Valley, Business France, and Shanghai Meicifang Investment Co., Ltd (L'OréalChinafirst regional market venture capital company) with the aim of empowering tech startups and SMEs to harness the transformative power of beauty tech.
BIG BANG 2025Upgraded: Defining the Future of Beauty
Beauty is one of the most consumer-facing industries, and BIG BANG has been driving beauty technology innovation in digitalization, operations, and R&I to help consumers move towards a better life and sustainable future. To further accelerate to sustainable consumption in beauty, BIG BANG has added the"Sustainability"as the fourth independent track for the first time this year, hoping to lead the future of sustainable beauty with innovative and upgraded beauty technology solutions.
Building on its success in Mainland China, BIG BANG has been expanded to cover all five markets of L'OréalNorth Asia, unlocking powerful regional synergies in beauty tech. This year, the competition introduces groundbreaking innovations to its format by moving beyond traditional localized evaluating mechanisms, taking regional collaboration to new heights. First, through the new"Sustainability"track, BIG BANG will showcase breakthrough solutions from beauty pioneers acrossChina,Japan, andSouth Korea, leveraging the synergistic power ofNorth Asia'sbeauty ecosystem. Meanwhile, the"Phygital Consumers Experience"track will bring together innovators from Mainland China and Hong Kong SAR for the first time, jointly unleashing the beauty tech potential of the Greater Bay Area. Additionally, Hong Kong SAR has deepened its tie-up with Business France to establish a dedicated French track, creating a gateway for more French enterprises to enter the Chinese market.
After five years of continuous refinement and deep insights into industry trends, technological advancements, and market demands, BIG BANG has defined its strategic priorities. 2025 BIG BANG will sharpen its evaluation focus across four tracks, with AI integration as the core enabler:
BIG BANGER Community Forum: Empowering Entrepreneurs andExpanding the Open
InnovationEcosystem
Beyond the competition itself, BIG BANG remains committed to empowering startup entrepreneurs, jointly advancing beauty technology, and fostering an open innovation ecosystem that connects the entire industry value chain.
At today's"'Elevate the Innovation Game For the Future'BIG BANGER Community Forum", representatives from past BIG BANG participants, the L'Oréal China BIG BANG team and ecosystem partners, including the Oriental Beauty Valley, Business France, government agencies, and VC/PE firms, gathered under one roof. Guided by the concept of"Elevate the Innovation Game For the Future", they engaged in discussions on key industry opportunities and trends, including sustainable beauty, the rise ofChina'sbiotech sector, and a 2030 outlook for the beauty landscape.
Laurence Ma, Deputy CEO of L'OréalChina, shared her leadership insights based on personal experience:"Expertise is our foundation, especially in beauty tech, we must play to our strengths. Stay resilient, optimistic, and authentic to build a brighter future with like-minded partners."
As the driving force behind this ecosystem,Zhenzhen Lan, President of Public Affairs of L'OréalNorth AsiaandChina, highlighted the significance of open innovation and win-win collaboration:"BIG BANG is not a solo performance, but a symphony of beauty innovators. Together with our partners, L'Oréal aims to stay ahead of emerging trends and make decisive moves, channeling the potential of beauty tech into a thriving destination for high-quality living.'"
For the first time, media partners were invited to join the BIG BANGER Community Forum, reflecting the Big Bang's commitment to expanding the ecosystem backed by a growing number of partners.
L'Oréal BIG BANG 2025 – Mainland China Competition Now Opens for Applications, calling all startups with groundbreaking technologies to co-create the future of beauty with innovations.
Four Challenge Topics:
Four Key Selection Criteria:Solution Innovativeness (25%), Technology Frontier (25%), Scalability in L'Oréal (25%) and Business Impact (25%)
Timeline:
Winning Perks: Media exposure + co-created project testing and implementation.
For registration and more information, please click the link:https://bigbang.lorealchina.com/
AboutL'Oréal BIG BANG Beauty Tech Innovation Program:
L'Oréal BIG BANG Beauty Tech Innovation Program (BIG BANG) is the first regional initiative focused on driving open innovation, inspiration and co-creation of innovative beauty products and experiences. The program discovers, supports and nurtures promising start-ups and companies with innovative technology that can be scaled regionally and globally.
About L'Oréal Group
For 116 years, L'Oréal, the world's leading beauty player, has devoted itself to one thing only: fulfilling the beauty aspirations of consumers around the world. Our purpose, to create the beauty that moves the world, defines our approach to beauty as essential, inclusive, ethical, generous and committed to social and environmental sustainability. With our broad portfolio of 37 international brands and ambitious sustainability commitments in our L'Oréal for the Future programme, we offer each and every person around the world the best in terms of quality, efficacy, safety, sincerity and responsibility, while celebrating beauty in its infinite plurality.
With more than 90,000 committed employees, a balanced geographical footprint and sales across all distribution networks (e-commerce, mass market, department stores, pharmacies, perfumeries, hair salons, branded and travel retail), in 2024 the Group generated sales amounting to 43.48 billion euros.With 20 research centers across 11 countries around the world and a dedicated Research and Innovation team of over 4,000 scientists and 6,400 Digital talents, L'Oréal is focused on inventing the future of beauty and becoming a Beauty Tech powerhouse.
More information onhttps://www.loreal.com/en/mediaroom
About L'OréalChina
L'Oréal, the world's largest beauty company, entered Chinese mainland in 1997. L'OréalChinais headquartered inShanghaiand has five offices across the country. L'OréalChinacurrently has 32 brands and one R&I center inChina, as well as two factories in Suzhou and Yichang, owning more than 15,000 employees. After 28 years of high-quality, steady and sustainable growth,Chinahas become the second-largest market in the world, the headquarter of the North Asia"Beauty Triangle", and one of three Beauty Tech Hubs worldwide. L'Oréal founded the Group's first venture capital firm of regional markets inChina,"Shanghai Meicifang Investment Co., Ltd". L'Oréal Group's first self-build smart fulfillment center has been officially opened in Suzhou.. As one of the best corporate citizens inChina, L'OréalChinahas always implemented and kept the"L'Oréal for the Future Sustainable Development Commitment 2030"in mind.Chinais L'Oréal's first market to reach 100% renewable energies for its sites, and L'OréalChinaactively contributes to the good development of Chinese society through CSR programs.
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SOURCE L'Oréal