2025年，中国美妆行业的资本化进程呈现出一场结构性的"群体迁徙"。CBO根据公开信息统计，超过30家产业链企业密集涌向全球各大交易所，从上游原 料到下游零售，全产业链集体叩响资本市场大门。 这并非简单的融资热潮，而是行业在流量见顶后，向"硬科技"与"全球化"要增长的一次集体宣誓。资本，正以其苛刻的眼光，重新定义产业的估值体系， 从追捧营销爆款，转向青睐技术壁垒与品牌韧性。 据不完全统计，截至2025年底，美妆产业链已有5家企业成功上市，另有超过25家处于上市进程中的不同阶段。这场资本化运动呈现出清晰的产业链全覆 盖特征： | | | 2025年美妆企业上市/启动上市一览 | | | --- | --- | --- | --- | | 公司名称 | 企业类型 | 目标市场/交易所 | 上市进程 | | 颖通控股 | 美妆运营商 | 港股 | 6月26日上市 | | Pitanium Limited | 美妆零售商 | 美股(纳斯达克) | 5月30日上市 | | 聚水潭 | 电商SaaSERP提供商 | 港股主板 | 10月21日上市 | | 禾元生物 | 生物医药 | A股 (科创板) | 10月28日上市 ...

Core Viewpoint - The strategic cooperation between Zhaojin Mining and Ant Group's SigmaLayer aims to leverage blockchain and artificial intelligence technologies to enhance the digitalization of overseas gold assets and improve supply chain and risk control systems [1][2] Group 1: Strategic Cooperation Details - Zhaojin Mining's wholly-owned subsidiary, Hong Kong Zhaojin Mining, has signed a strategic cooperation memorandum with SigmaLayer, a member of Ant Group's technology commercialization sector [1] - The cooperation will focus on multiple areas, including the digitalization and tokenization of overseas gold assets, AI-driven smart supply chains, and sustainable development initiatives [1] - Any specific activities or projects resulting from this memorandum will require formal agreements and must adhere to compliance and safety standards [1] Group 2: Industry Implications - The partnership is seen as a response to the national strategy for developing the digital economy and represents a strategic choice for Zhaojin Mining to position itself in the digital technology sector [2] - This collaboration is expected to strengthen Zhaojin Mining's position in the mining industry while aiding Ant Group in deepening the application of AI and blockchain technologies [1][2] - Anticipated synergies from this partnership are expected to create new growth opportunities for both parties involved [1]