Gate News message, April 23 — Xinyang (SY.US) and Jinbo Biotech (920982.BJ) announced a strategic partnership on April 22, with Jinbo’s new collagen product Weiyi Beauty ColPact being exclusively supplied to Xinyang Youth Clinic. Xinyang launched “Miracle Collagen” based on this product for facial and scalp anti-aging, priced at 1,999 yuan per unit or 2,999 yuan for two units.
China’s collagen market is rapidly expanding, with 18 Class III medical device registration certificates now approved as of April 2026. According to industry data, the market for recombinant collagen products has grown significantly, with market penetration reaching 56.9% in 2025. The Chinese medical aesthetics collagen injection market reached approximately 6.7 billion yuan in 2024, with a compound annual growth rate of 21.9% from 2021 to 2024. Recombinant collagen products alone are projected to reach 58.6 billion yuan by 2025, with forecasts suggesting the market will exceed 100 billion yuan by 2027.
Jinbo Biotech’s chairman Yang Xia noted that the company’s collagen products were initially priced around 6,900 yuan due to production capacity constraints of only 300 liters. The company has since expanded capacity to 3 tons and plans further expansion to 5 tons. Yang stated that at 5-ton capacity, the price will approach production cost and will not decrease further, as companies must maintain profit margins for continued research and development. Regarding price competition concerns, Xinyang CEO Jin Xing stated that prices are ultimately determined by supply and demand dynamics, and as more products enter the market, a tiered pricing structure—high-end (over 10,000 yuan), mid-range (4,000-6,000 yuan), and budget (500-2,000 yuan)—will emerge to serve diverse consumer needs and expand market penetration.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Berkshire cash reserves exceed $350 billion, reaching a company-record high level recently
On April 22, the crypto community account Crypto Rover (@cryptorover) posted on X, drawing a comparison between Berkshire Hathaway’s current cash holdings and similar situations before the 1999 dot-com bubble and before the 2007 global financial crisis. According to Berkshire Hathaway’s latest publicly disclosed financial filings, the company currently holds more than $350 billion in cash and short-term assets.
MarketWhisper3m ago
TSMC Sticks with Existing EUV Tools, Delays High-NA Adoption; A13 Process Targeted for 2029
Gate News message, April 23 — TSMC unveiled new manufacturing and packaging technologies designed to make chips smaller and faster, while announcing it will continue using existing ASML EUV machines rather than adopting newer High-NA lithography tools.
The company's A13 process is targeted to
GateNews29m ago
China's Shipping Sector Weakens as Zhonggu Logistics Hits Limit Down
China's shipping sector weakened today as Zhonggu Logistics hit the limit down, dragging CIMC, China Merchants Heavy Industry, HNA Technology, China COSCO Shipping Energy, Huaguang Yuanhai, and Haitong Development lower amid broader market pressures on China's maritime and logistics sector.
GateNews29m ago
Ethereum Spot ETFs Post $96.43M Net Inflows, BlackRock ETHA and Fidelity FETH Lead
Abstract: Ethereum spot ETFs posted $96.43 million in net inflows on April 22. BlackRock's ETHA led with $53.59 million and Fidelity's FETH with $40.62 million, together about 98% of inflows; Grayscale Mini ETH added $11.37 million, while Grayscale ETHE posted $9.15 million in outflows; other funds were flat.
Summary: Ethereum spot ETFs drew $96.43M on April 22; ETHA and FETH accounted for about 98% of inflows ($53.59M and $40.62M). Grayscale Mini ETH added $11.37M, ETHE fell by $9.15M, others unchanged.
GateNews55m ago
Bitcoin Spot ETFs See $331.9M Net Inflows, BlackRock IBIT Leads with $246.9M
Gate News message, April 23 — Bitcoin spot ETFs recorded net inflows of $331.9 million yesterday (April 22), according to Trader T. BlackRock's IBIT led all funds with $246.9 million in inflows, accounting for approximately 74% of total daily inflows.
Fidelity FBTC added $56.69 million, Bitwise BIT
GateNews55m ago
ServiceNow Beats Q1 Estimates, Raises 2026 Outlook After Armis Acquisition
Abstract: ServiceNow posted a robust Q1 2026 with $3.67B revenue and raised full-year subscription guidance to $15.74–15.78B. Net income rose to $469M. The company cited deal-timing caution amid geopolitical tensions, highlighted the Armis acquisition and Google Cloud expansion, and noted a shift to usage-based pricing that may press margins in 2026.
Summary: ServiceNow beat Q1 revenue estimates ($3.67B) and raised 2026 subscription guidance to $15.74–15.78B. Net income rose to $469M; Armis acquisition and Google Cloud expansion pin margins and shift pricing toward usage-based, non-seat models.
GateNews1h ago
