Cover Wendy Yu (Photo courtesy of Yu Prize)

Tatler caught up with the Chinese fashion powerhouse during Paris Fashion Week’s spring-summer 2024 showcase, where she brought 11 Chinese designers to present on the official calendar

On the packed calendar of Paris Fashion Week (PFW) spring-summer 2024 (which featured more than 100 events across nine days), a few Chinese designer brands made their first foray into Europe since the pandemic. Undoubtedly, it was every designer’s goal to be seen on the official calendar and present their collection in the world’s fashion capital.

One such person who helped them attain this goal this year is Wendy Yu, fashion entrepreneur and founder of Yu Holdings and the Yu Prize, who works to introduce the next generation of Chinese designers to industry stakeholders. 

“I have a great deal of respect and love for this land and culture, and I hope that I can help this community shine on the international stage,” the long-time Gen T honouree said when she talked to Tatler at the PFW. “I am very lucky to have a certain recognition and privilege at a very young age, and to have the ability to build this platform. It’s my honour.”

With that mindset, Yu has also set up the Yu Prize, which showcases China’s homegrown design talents to the world. The prize released its second edition last year, awarding seven brands with cash prize and partnership opportunity. The next edition will kick off in early 2024. 

In case you missed it: Exclusive: How fashion powerhouse Wendy Yu is redefining ‘Made in China’

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Above The showcase featured 11 Chinese designers, all of them finalists of the Yu Prize (Photo: courtesy of Yu Prize)

The 11 finalists of the first and second editions of the Yu Prize were also given the opportunity to present their collections at this year’s PFW spring-summer 2024. Titled The New Wave of Chinese Fashion, the event took place at Hotel Le Royal Monceau, Raffles Paris. Design labels Didu, Private Policy, 8ON8, Louis Shengtao Chen, Marrknull, Ming Ma, Ruohan, Windowsen, Shuting Qiu, At-One-Ment and Yueqi Qi showcased their latest lines. Diverse audiences, including international press and buyers, attended the soirée to connect with the creatives.

It also drew the attention of industry heavyweights such as Renzo Rosso, chairman of OTB Group (which houses brands like Masion Margiela and Diesel), Madame Lyu Xiaolei, secretary general of Shanghai Fashion Week, and Pascal Morand, executive president of the Fédération de la Haute Couture et de La Mode (FHCM). 

Tatler sat down with Yu to discuss the significance and development of the prize and what she hopes for Chinese fashion in a post-pandemic era.

Read more: Meet Yueqi Qi, the new wave designer and LVMH Prize semi-finalist redefining Chinese fashion

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Photo 1 of 3 Participants at the event (Photo: courtesy of Yu Prize)
Photo 2 of 3 Designs of At-One-Ment, Private Policy and Windowsen (Photo: courtesy of Yu Prize)
Photo 3 of 3 Designers Caroline Hu, Huishan Zhang, Rui Zhou joined Wendy Yu at a dinner (Photo: courtesy of Yu Prize)

What was the experience of bringing the next-gen of Chinese designers to Paris Fashion Week this time, what was the motivation behind it?
Yu Prize is now in its third year and Paris Fashion Week has been our official partner from day one. Due to the pandemic, we have not been able to bring the designers out. But FHCM has been very actively involved with us. And Madame Lyu has been telling me this year that the purpose of Shanghai Fashion Week is to bring designers out. We think it’s the right time to take designers to a bigger international stage. 

For them, coming to Paris is not just about presenting their designs, it’s about getting recognition and new opportunities—be it media or retail opportunities—in front of international fashion industry leaders at this big global stage.

What are the roadblocks that Chinese designers have to break through? 
I have known many designers for many years, and what they need is more systematic support. For example, for a Chinese designer who wants to break into a European or American market, he or she has to put in two to three times more effort than local designers. The difficulties are not in design, but in how to merge design with business and finding a management team who understands their vision and can integrate creativity.

They struggle to find the right media to [spotlight] them, they struggle to find the right PR agencies [to represent them], and they struggled to connect the right department stores such as Harrods. Apart from financial support, what they also need is the support of a 360-degree platform, community and ecosystem.

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Above The New Wave of Chinese Fashion showcases the works of 11 Chinese designers (Photo: courtesy of Yu Prize)

What more needs to be done?
There are obstacles on different levels. For designers, it’s particularly difficult to find a commercial team that can match their creativity, and even if they did, they wouldn’t necessarily have the budget to hire such a team. From a broader perspective, there are commercially successful fashion companies in China, but consumers and corporations don’t respect original design enough, which is a great disservice to designers. Yu Prize and I feel that there is a need to promote more respect for originality and make original designers seen. It’s all blood and sweat for every designer. 

Then fashion brands need to find consumers who are willing to pay for the designs. The growth of overall education and awareness is two-fold. Designers also need to be more open-minded to the business side of fashion, [which will lead to] long-term success. It is the quality that will make us go further.

The new generation of Chinese designers have a background in fashion education abroad which equip them with a well-rounded creative vision. Is there any aspect from the Chinese market that can provide inspirations for the international audience?
Absolutely. We also have worked with a lot of international brands and have done some creative campaigns. Knowing some CEOs (of global brands) personally, they have always been interested in the Chinese market, such as the consumer groups of Xiaohongshu and Douyin. They are all in a learning mindset. 

Whether it’s fashion, art or culture, the reason I love it so much is because it’s a such an invisible, silent yet powerful language. In the past, there were a lot of barriers in education, now it [has the accessibility] to be a tool and to bridge [the gap].

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Above Yu Prize founder Wendy Yu (Photo: courtesy of Yu Prize)
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Above The president of OTB group Renzo Rosso and model Pritika at The New Wave of Chinese Fashion event during Paris Fashion Week (Photo: courtesy of Yu Prize)

Would you say Asian fashion is having a moment on the global stage?
I wouldn’t say it’s the best era, it’s a better time now. Compared to ten to 20 years ago, the mainstream media and fashion associations in Europe and the US are very welcoming to Chinese designers. Pascal Morand, executive president of FHCM who came to our event and dinner, has shown a lot of enthusiasm. I think decades ago, Chinese designers would have struggled a lot. There is also a language and cultural barrier.

Designers today also have a better understanding of international vision and culture than the older generation. Growing up and being educated abroad, they also know better how to combine our traditional cultural imprints, aesthetic understanding and artistic expression with more contemporary design.

In the post-pandemic era, how has your vision for the Yu Prize evolved?
There are many successful international competitions such as the LVMH Prize, which aims to promote designers of all countries; but there is no competition [on an international scale] targeting Chinese designers.

[With the Yu Prize] I think there will be different opportunities for brands in the future, as well as for the international community to gain new recognition of China’s emerging creative power: to know that it’s no longer “made in China” but also “create in China”. I truly believe the new generation of designers is blossoming.

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