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Afiona

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Retail chain for imported, high-end beauty products

Shenzhen, ChinaWellness Beauty
Total funding $10–50M Disclosed equity funding
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About Afiona

Afiona, also known as 妍丽 (Fiona), is a Chinese retail chain specializing in high-end imported cosmetics. Founded in 1995, the company operates as a provider of global mid-to-high-end beauty products and services, offering personalized and customized beauty experiences and professional skin solutions for Chinese consumers. Its business model is centered on a network of over 200 directly operated physical stores across more than 60 cities in China, complemented by a strong online presence on platforms like Tmall, JD.com, Meituan, and Ele.me. The company has established strategic partnerships with major commercial real estate developers such as China Resources Land and Wanda Group.

Afiona's product portfolio includes over 300 authorized brands covering nine major beauty categories: skincare, makeup, perfumes, beauty tools, and health foods. It features international brands like Gucci, SK-II, Estée Lauder, and Valmont. The company emphasizes providing professional, customized skin solutions through more than 1,500 trained 'skin butlers' who serve over seven million users annually. To ensure product authenticity, Afiona maintains a direct sourcing and buying team in Hong Kong and overseas.

In 2020, Afiona underwent a significant strategic shift when it was acquired by a consortium led by private equity firm Warburg Pincus, with participation from Tencent and other investors. This led to an acceleration of its digital transformation and an upgrade of its services. The current CEO is Wu Tao. The company has received multiple industry awards, including the "Most Influential National Chain" at the 2025 CiE Awards, highlighting its market presence and innovative retail concepts like the "Beauty Library."

Source: Dealroom company data

At a glance

Headquarters
Shenzhen, China
Sector
Wellness Beauty

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

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Global footprint

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Workforce by country
🇨🇳 China · Shenzhen HQ
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Market sentiment

Posts on X, past 7 days

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