The firm raised its full-year guidance as a result and continues to increase prices across the portfolio.
The Swiss fragrance and flavors supplier keeps delving deeper in the country.
Moncler, which consolidated the Stone Island business in April, returned in the black in the first half of the year.
The move reflects the growing importance of the Chinese market for the Switzerland-based luxury brand.
Bulgari, Porsche, Kans cut short Wu’s endorsement, while others like Master Kong, and Tencent’s King of Glory have backed away from the star.
The fresh capital injection will be used to develop products and categories, raise brand awareness and accelerate global expansion.
The appetite for fashion and luxury goods in Asia is not waning as the Florentia Village outlets plan the opening of additional units in China and to enter Vietnam by the end of 2022.
The designer also teased that he will reveal a special collaboration with graffiti artist Katsu with a show in Beijing on Friday.
The German luxury brand teamed up with retail experts at Azoya to launch products in the country last year.
The storied hatmaker has signed licensing agreements for leather goods and soft accessories, is linking with Ami Paris on a co-branded collection and testing the pop-up strategy.
The capsule features sportswear-inspired pieces and a selection of jackets in gradient earthy tones, as well as new Puma sneaker styles.
Other major Chinese fashion players, like JNBY and Marisfrolg, have also opened multibrand stores to be more involved with the global fashion conversation.
The effects of the COVID-19 pandemic, the travel restrictions and closure of stores resulted in Valentino reporting a net loss and a 28 percent decline in revenues in 2020.