How a cosmetics giant’s transformation strategy is unlocking value
Shiseido, the largest Japanese beauty company, is reimagining its functions, processes and systems to create a global operating model.

A global initiative, executed with a strategic mindset
EY teams galvanized multiple capabilities across geographies, connecting transactions, transformation and technology, in a single team.

Integration builds a platform for future growth
Greater transparency, richer data insights and smoother operations unlock value for the client, employees and customers.

Featured press releases
COIN
EY releases the Overview of China outbound investment of the first three quarters of 2023
BEIJING, 27 NOVEMBER 2023 — Today, EY Greater China region (hereafter EY) released the Overview of China outbound investment of the first three quarters of 2023. The report indicates a 6.7% YOY growth in China’s overall ODI, reaching US$114 billion[1]. Chinese enterprises announced a total overseas M&A value of US$24.5 billion, growing by 11.6% YOY. M&A value has achieved an increase QOQ for two consecutive quarters this year. However, the deal volume continued to contract, hitting a near-decade low.
27 Nov 2023 Beijing
IPO
A-shares IPO retains its lead in proceeds; Hong Kong IPO activity expected to pick up
HONG KONG, 21 NOVEMBER 2023 — EY Greater China Region releases the Chinese mainland and Hong Kong IPO report today, reviewing IPO activity in 2023 globally and in Greater China, as well as its outlook for 2024.
21 Nov 2023 Hong Kong SAR
More press releases
EY comments on the 2023 Policy Address
HONG KONG, 26 OCTOBER 2023 — The Chief Executive of the Hong Kong Special Administrative Region, John Lee delivered the 2023 Policy Address yesterday. Giving equal importance to the continuous development of the Hong Kong economy and the enrichment of the wellbeing of Hong Kong citizens, the Policy Address actively aligns with the national strategy and formulates a policy blueprint for Hong Kong's development.
26 Oct 2023
Navigating through ESG and the macro-economic outlook with EY Boardroom Briefing for INEDs
HONG KONG, 18 OCTOBER 2023 — Considering the key trends driving the ESG agenda locally and globally, it is imperative for boards of directors (boards) to stay updated with the latest ESG developments to ensure that their organizations are ready to support the transition to a low-carbon future and comply with the latest regulatory requirements.
18 Oct 2023
IPO market: Investor appetite shifts from growth to value amid tighter liquidity
HONG KONG, 13 OCTOBER 2023 — Globally, the first three quarters of 2023 recorded 968 IPOs with US$101.2b capital raised, a 5% and 32% decrease year-over-year (YOY), respectively. Despite this, market momentum is building, with Q3 having witnessed a notable improvement in post-IPO share price performance compared with previous quarters. Three quarters into 2023, the global IPO market has seen shifting dynamics featuring improved market sentiment in major Western countries, the prospect of high-profile US IPOs, robust emerging markets and a cooling China IPO market.
13 Oct 2023
Next