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Yatsen Holding Limited (YSG) Q1 2021 Earnings Call Transcript

Operator Good day, and welcome to the Yatsen first-quarter 2021 earnings conference call. Today s conference is being recorded. At this time, I would like to turn the conference over to Irene Lyu, head of strategic investment and capital markets. Please go ahead. Irene Lyu Head of Strategic Investments and Capital Markets Thank you, operator. Please note that the discussion today will contain forward-looking statements relating to the company s future performance and are intended to qualify for the safe harbor from liability as established by the U.S. Private Securities Litigation Reform Act. Such statements are not guarantees of future performance and are subject to certain risks and uncertainties, assumptions, and other factors.

Yatsen Holding Limited (YSG) Q1 2021 Earnings Call Transcript

Yatsen Holding Limited (YSG) Q1 2021 Earnings Call Transcript
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Influencers who can t act paid millions, the scandal engulfing Chinese TV

May 02, 2021 Handout Stunned by the stark contrast with the average income of 32,189 yuan (US$4,971), the Chinese public struggled to understand why the figure was so high; she could buy a house after working for two days while it took others 30 years. A white-collar worker‘s annual salary could not match what she makes in a single hour. Since then, Chinese tax authorities have opened an investigation into possible tax evasion by the star and the film and TV authorities declared they will enforce restrictions on excessively high payments in the industry. The last time the industry received this much attention was in 2018, when former television host Cui Yongyuan exposed actress Fan Bingbing had received 60 million yuan (US$9.3 million) for one show but disguised it as 10 million yuan (US$1.5 million) with dual contracts.

Contentious Chinese cotton sparks celebs brand boycott

Contentious Chinese cotton sparks celebs brand boycott
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Everglow Yiren Draws Flak for Supporting China s Exploitation of Cotton Harvesting in Xinjiang

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