By  on May 3, 2019

LONDON — CITIC Capital Partners, the private equity arm of CITIC Capital, has completed the acquisition of Hangzhou UCO Cosmetics, one of China’s leading e-commerce service providers for beauty and cosmetic brands, from Qingdao Kingking Applied Chemistry.

Although the terms were not disclosed, market sources said the deal was worth around 1.4 billion renminbi, or $209 million.

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