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Jelly Ko expands refill options on the back of strong sales and demand

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The in-house brand of Style Story, an Australia-based online retailer of South Korean beauty products, has added a fourth refill product to its portfolio.

Its global bestseller, Bubble Tea Steam Cream, recently joined Dewy Glaze Toner, Be Jelly Overnight Dream Serum, and White Truffle Souffle Serum in having a 50ml version.

“Bubble Tea Steam Cream is the product that put Jelly Ko on the map, and it is now available in a convenient refill pouch that’s perfect for topping up your empty jar or packing in your carry-on luggage.

“Refills are performing really well for us. Last month, across our sales channels, refill packs made up almost 40% of total sales for Bubble Tea Steam Cream, which is our hero SKU and most repurchased product. That is a huge adoption rate and shows that customers are not only repurchasing, but actively opting for the more sustainable option,” Lauren Lee, founder of Jelly Ko and Style Story, told CosmeticsDesign-Asia.

In fact, the travel-friendliness of the refill packs was pointed out to Lee by customers.

“Many started using the refill packs as travel companions because they are resealable, lightweight, and easy to pack due to its flat packaging. It wasn’t actually something that we realised when we originally designed them, but now that we’ve seen how people are using them, we have adopted that into our messaging as well.

“It makes sense because traditional cosmetics can be bulky, breakable, heavy, and just a bit annoying to cart around, even if they are travel-sized. These refill packs take all the fuss out of travelling with your go-to skin care products.”

Going forward, Jelly Ko plans to continue growing its refillable offerings.

“We will be adding a refill version for our Cherry Blossom Sleeping Mask, which will also double as a travel pack, in the next production run. As for dedicated travel-sized products, we are not planning any at this stage. We currently offer sachet samples and these refill packs, which fill the gap for now.”

Smooth like bubble

Jelly Ko’s Bubble Tea Steam Creamis claimed to be the world’s first bubble tea skin care, which has sold out six times since its launch in 2020.

Infused with collagen, panthenol, probiotics, squalane, and four types of hyaluronic acid, it is a nourishing yet lightweight moisturiser that “replaces oil, serum and cream in one step”.

Inspired by the popular beverage, this cream is fast-absorbing, and delivers deep hydration and buttery-soft smoothness targeted at improving dark spots, blemishes, and visible signs of ageing.

According to the brand, it helps to refine texture and tone for all skin types and ages; smooths and firms skin for a more even, radiant complexion; and does not contain additives, such as artificial fragrances, dyes, sulphates and parabens, that may trigger reactions.

In addition, the newly launched refillable pouch is said to use 90% less plastic, glass and paper, contributing to reduction of carbon emissions and packaging waste.



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‘Underwhelming and overpriced’ Scottish landmark is Europe’s most overcrowded tourist attraction

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Tourists have been left unimpressed by the crowds at this popular visitor spot.

Edinburgh Castle has been named Europe’s busiest tourist attraction(Image: Ken Jack/Getty Images)

Everyone going on holiday knows they’ll have to deal with overcrowding at some point. Whether it’s the sun-soaked beaches of Mallorca or the Fontana di Trevi in Rome, popular places, inevitably, draw large numbers of tourists.

But, in fact, it’s an iconic Scottish landmark that has taken the dubious title of the busiest attraction in Europe. Edinburgh Castle has been ranked the busiest destination on the continent.

The capital hotspot even placed ahead of Buckingham Palace, which came second on the list from The Thinking Traveller.

As reported by the Express, Edinburgh’s iconic fortress, which has stood atop Castle Rock since the 11th century, continues to draw huge numbers of visitors from around the world.

It was visited by about 2million people in 2024, according to Visit Scotland. While the castle’s popularity remains undisputed, not all visitors have been impressed by the experience.

Several Tripadvisor reviewers raised concerns over overcrowding, high ticket prices, and the overall value for money.

A photo of crowd clicking pictures of Edinburgh Castle
Edinburgh Castle attracted around 2 million visitors in 2024, according to Visit Scotland(Image: Ken Jack/Getty Images)

User Joe_Railwayman commented: “An underwhelming visit. We found certain areas to be very overcrowded and the cafe very expensive. Maps were unclear but may have been a different experience if we had upgraded to include audio guide or tour.”

Caz881975 echoed the sentiment, writing: “Paying over £70 for three Adults and two Children (one Senior) we thought that it was overpriced. We explored most areas, however, in general, I thought it was a place with lots of good viewing points for Edinburgh.”

Despite some negative reviews, many visitors have praised the castle for its rich history and panoramic views of the city. Several described the visit as a moving experience, particularly when visiting the Scottish National War Memorial housed within the castle walls.

Emwhitnall shared: “There is so much to explore within the castle walls, I’d recommend getting the audioguide to make the most of the experience.

“It was also very moving exploring the war memorial, dedicated to all those who have served for Scotland. Make sure to time your visit if you want to watch the Mons Meg cannon firing as it only happens once a day.”

Jason F also left a glowing review, writing: “What an amazing castle! So much to see and do. We spent half the day here, enjoying the Cafe and many exhibits on display. The views from the castle, of Edinburgh, are amazing.”

The fortress remains one of the top attractions in the UK and was recently named fifth in the country in Tripadvisor’s annual Travellers’ Choice Awards.

Its elevated position in the heart of Edinburgh offers spectacular views across the capital, making it a must-see for tourists willing to tackle the steep walk up to the UNESCO World Heritage Site.

Among the highlights within the castle grounds are the Great Hall, St Margaret’s Chapel, the One o’clock Gun, the Prisons of War, and The Queen’s Embroideries. Visitors are also drawn to the site’s connection to figures such as Mary Queen of Scots, whose story is woven into its royal past.

In addition to its status as a top destination, Edinburgh Castle also features prominently on Tripadvisor’s list of the best experiences in the UK.

One of the most popular options is the Guided Walking Tour, where visitors are led through the grounds while learning about the lives of the castle’s historic residents.

After the guided portion, tourists are free to explore the castle’s interior and surrounding grounds at their leisure.



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Southwest Airlines (LUV) 2Q 2025 earnings

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A Southwest Airlines Boeing 737 taxis at Ronald Reagan Washington National Airport on May 16, 2025 in Arlington, Virginia.

Kevin Carter | Getty Images

Southwest Airlines on Wednesday posted second-quarter earnings and revenue that fell short of Wall Street’s estimates but said travel demand has stabilized, echoing other airlines in recent weeks.

The airline also announced a new $2 billion share buyback.

Here’s how Southwest performed in the second quarter compared with Wall Street expectations, according to consensus estimates from LSEG:

  • Earnings per share: 43 cents adjusted vs. 51 cents expected
  • Revenue: $7.24 billion vs. $7.3 billion expected

The carrier pulled its 2025 guidance in April, citing economic uncertainty in the U.S. Like other airlines, Southwest said it would cut flights during off-peak periods as carriers grappled with weaker domestic travel demand than expected at the start of the year. CEO Bob Jordan told CNBC last month that there has been more discounting this summer, which is generally the busiest travel period of the year.

Southwest expects its third-quarter unit revenue, a gauge of airlines’ pricing power, to range between a 2% drop to a 2% increase over the same July-through-September period of 2024.

Read more CNBC airline news

The airline has been overhauling its business model, getting rid of blanket policies like two free checked bags for all customers and moving from open seating to assigned seats and new boarding orders, which the carrier announced on Monday.

Southwest said sales of basic economy suffered on its website after it launched the restrictive new fares in May. It said they have since returned to “expected levels” but that it hurt its unit revenue in the second quarter by a half a point and would hurt unit revenue by about a point in the third quarter.

Southwest posted net income of $213 million, or 39 cents a share in the second quarter, down 42% over last year, on sales of $7.24 billion, 1.5% lower than a year earlier. Adjusting for one-time items, Southwest’s second-quarter earnings were $230 million, or 43 cents a share, down 38% from last year.

Passenger revenue per seat mile came in at $14.10, below the $14.19 that Wall Street had expected, according to Street Account.



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June Hits 3-Year High In Unicorn Births Across AI, Robotics And More

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Twenty companies joined The Crunchbase Unicorn Board last month — the highest number of companies to join in a single month since July 2022, when the venture funding downturn deepened, Crunchbase data shows.

The most highly valued to join last month was Thinking Machines Lab, which raised a $2 billion seed round at a $12 billion value.

The U.S. led unicorn creation in June with 11 companies, followed by China with four. Israel, India, UAE and Switzerland each added one, as did New Zealand, with its first unicorn company, per Crunchbase data.

Eight exits

Six companies from the board went public, including four from the U.S. The most notable of the bunch was neobank Chime, which went public at a value of $9.8 billion. Other U.S. unicorns that exited in June include Circle, a stablecoin service for payments, AI-driven precision medicine startup Caris Life Sciences, and behavioral health company Omada Health.

Two unicorn companies from China went public: voice AI company Unisound and vehicle sharing service Caocoa Chuxing.

Two unicorns were also acquired in June: SMB accounts payable service Melio, was purchased by New Zealand-based accounting software service Xero, and Movable Ink, which was acquired by private equity firm Symphony Technology Group.

June’s newly minted unicorns

Here are the 20 newly minted unicorns in June, by sector.

AI

  • Mira Murati’s AI research lab Thinking Machines Lab raised a $2 billion seed round — the largest seed round on record — led by Andreessen Horowitz. The less than 1-year-old San Francisco-based company was valued at $12 billion.
  • Decagon, a conversational AI for customer experience, raised a $131 million Series C led by Accel and Andreessen Horowitz. The 2-year-old San Francisco-based company was valued at $1.5 billion.
  • Seekr deploys GenAI for companies and governments. It raised a $17.3 million first close in a round of funding, led by AMD Ventures and Danu Venture Group. The 4-year-old Reston, Virginia-based company was valued at $1.2 billion.
  • Fireflies.ai, an AI meeting assistant, raised a secondary financing for its early team members, valuing the company at $1 billion. The 9-year-old San Francisco-based company is reportedly profitable and says it’s used by people at 75% of Fortune 500 companies.

Robotics

  • Unitree Robotics, developer of humanoid and quadrupedal robotics for industrial and consumer use, raised a $97 million Series C led by China Mobile Innovation Industry Fund. The 8-year-old Hangzhou, China-based company was valued at $1.7 billion.
  • Gecko Robotics, a robotic AI inspection service for defense, energy and manufacturing, raised a $125 million Series D led by Cox Enterprises. The 12-year-old Pittsburgh-based company was valued at $1.3 billion.
  • Galaxy Bot, a developer of a humanoid robot for retail that manages inventory, replenishment and packaging, raised a $153 million funding led by Contemporary Amperex Technology. The 2-year-old Beijing-based company was valued at $1 billion.

Financial services

  • Kalshi, a platform to trade on event outcomes, raised a $185 million Series C led by Paradigm. The 6-year-old New York-based company was valued at $2 billion.
  • Juniper Square, a fund administration platform for private equity and venture, raised a $130 million Series D led by Ribbit Capital. The 12-year-old San Francisco-based company was valued at $1.1 billion.

Developer tools

  • Linear, a product management tool for software teams, raised an $82 million Series C led by Accel. The 6-year-old San Francisco-based company was valued at $1.3 billion.
  • Coralogix, a real time data observability platform for software, raised a $115 million Series E led by NewView Capital. The 9-year-old Tel Aviv, Israel-based company was valued at $1.1 billion.

Web3

  • Zama, a cryptography company building encryption solutions for blockchain, raised a $57 million Series B led by Blockchange Ventures and Pantera Capital. The 5-year-old Switzerland-based company was valued at $1.2 billion.
  • The Open Platform, a blockchain infrastructure developer integrated into Telegram, raised a $29 million Series A led by Ribbit Capital. The 3-year-old Dubai-based company was valued at $1 billion.

Software

  • Kylinsoft, an open source operating system to compete with Windows and MacOs in China, raised a $418 million corporate funding led by China National Software & Service Co. The 5-year-old Guangdong, China-based company was valued at $1.6 billion.

Healthcare

Sports

  • Teamworks, a software service for high performance sports team development, raised a $235 million Series F led by existing investor Dragoneer Investment Group. The 15-year-old Durham, North Carolina-based company was valued at $1.2 billion.

Defense tech

  • Military planning software company Onebrief raised a $24 million Series C extension led by Battery Ventures. The 6-year-old Honolulu-based company was valued at $1.1 billion. Its Series C funding 3 months earlier led by General Catalyst and Insight Partners valued the company at $650 million.

Network services

  • Meter, a networking infrastructure company, raised a $170 million Series C led by General Catalyst. The 9-year-old San Francisco-based company was valued at $1 billion.

E-commerce

  • Jumbotail, a B2B e-commerce marketplace for food and groceries, raised a $120 million Series D led by SC Ventures. The 9-year-old Bangalore, India-based company was valued at $1 billion. Jumbotail also announced in June that it completed an acquisition of Solv, a B2B marketplace, incubated by SC Ventures.

Devices

  • Halter, a smart collar technology to manage cattle grazing, raised a $99 million Series D led by Bond. The 9-year-old Auckland, New Zealand-based company was valued at $1 billion.

Related Crunchbase unicorn lists

Methodology

The Crunchbase Unicorn Board is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on Crunchbase data. New companies are added to the Unicorn Board as they reach the $1 billion valuation mark as part of a funding round.

The unicorn board does not reflect internal company valuations — such as those set via a 409a process for employee stock options — as these differ from, and are more likely to be lower than, a priced funding round. We also do not adjust valuations based on investor writedowns, which change quarterly, as different investors will not value the same company consistently within the same quarter.

Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to The Exited Unicorn Board.

Exits analyzed here only include the first time a company exits.

Please note that all funding values are given in U.S. dollars unless otherwise noted. Crunchbase converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to Crunchbase long after the event was announced, foreign currency transactions are converted at the historic spot price.

Illustration: Dom Guzman


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