Chinese heiress Wendy Yu one of China’s most fashionable millennials
With 700,000 followers on Weibo, Chinese twitter, and a particular interest in fashion through investments, donations and attendance at high-profile events Ms. Yu established has herself as one of China’s most fashionable millennials.
With 700,000 followers on Weibo, Chinese twitter, and a particular interest in fashion through investments, donations and attendance at high-profile events Ms. Yu established has herself as one of China’s most fashionable millennials.
Two years ago, the British television Documentary called 'Britain’s Billionaire Immigrants' got her fame by portraying her deluxe lifestyle with her personality projected as someone who is 20-years-old hardworking, socially ambitious and is eager to impress her billionaire father. Another factor that brought her into limelight was a glimpse of her Barbie dolls inside her sprawling Knightsbridge apartment.
At the age of 28, she has put her stance forward on how she is done with television and plans to take her life in a more serious dimension. As an investor, she plans to indulge herself in philanthropy and projects that involve donations and charity. In London, she has made donations to the Victoria & Albert Museum, the National Portrait Gallery and the British Fashion Council Fashion Trust and vows to invest up to $20 million in emerging businesses this year.
In addition to this, Ms. Yu stands as a bridge between Western fashion executives and the evolving Chinese market.
“Chinese economic growth and consumer power for luxury and designer goods is going from strength to strength, and there is a rising appreciation for independent designers,” she said.
Her contributions have influenced most of luxury spending inside China which grew 20% in 2017, outpacing overseas purchases, according to Bain & Co.
“New consumers, mostly millennial, have been major contributors to the market growth,” said the Bain report, noting that Chinese luxury consumers tend to be younger than in other countries.
With high hopes that China will have its own LVMH-style fashion conglomerate one day, Ms.Yu visions a lot more for fashion in China!
-
Ohio daycare worker 'stole $150k in payroll scam', nearly bankrupting nursery
-
Michelle Yeoh gets honest about 'struggle' of Asian representation in Hollywood
-
US, China held anti-narcotics, intelligence meeting: State media reports
-
Goldman Sachs’ top lawyer resigns over Epstein connections
-
Manhunt continues for suspect who killed 2 at South Carolina State University
-
Trump considers scaling back trade levies on steel, aluminium in response to rising costs
-
Trump revokes legal basis for US climate regulation, curb vehicle emission standards
-
DOJ blocks Trump administration from cutting $600M in public health funds