SHANGHAI–The Yu Prize, a design competitors that awards China’s younger artistic trend expertise, has opened functions for its second version, with a brand new associate Little Pink E book becoming a member of alongside sponsors Piaget, Harrod’s and OTB Group.
Yu Prize founder Wendy Yu hosted a dinner on Tuesday evening on the St. Regis Resort with the 16 finalists from final 12 months and an array of trade consultants together with Mattieu Delmas, managing director of Piaget China, Madame Lv, secretary basic of Shanghai Style Week, Sabrina Fung, managing director of Fung Retailing Group, and Harrod’s Sarah Myler and Wenwen Li.
Final spherical, the occasion awarded 1.5 million renminbi, or $229,000 in 4 prizes, alongside mentorship, retailing house, and exhibition alternatives. For example, the inaugural winner Chen Peng’s assortment is because of launch at Harrod’s subsequent week.
“We determined to proceed to assist Yu Prize additionally in 2022 as a result of we share Wendy Yu’s imaginative and prescient and her ardour for creativity and Chinese language design and tradition,” mentioned Renzo Rosso, president of OTB Group, which has offered mentoring to Chen. “China is sure to change into not solely the world’s largest marketplace for trend, but in addition a supply of inspiration and new, stunning abilities. And our group needs to be proper beside them.”
Though Yu mentioned she had not been attending exhibits in particular person on the ongoing season for Shanghai Style Week, she mentioned she nonetheless had been maintaining with the brand new collections coming down the runway.
“I’ve gotten invited to so many exhibits. I really feel dangerous if I’m going to at least one present and never the opposite so I watch all of them on WeChat,” she mentioned. “I’m proud to see Susan Fang, Donsee10, Ming Ma, and ZI II CII EN. Their exhibits are astonishing, it’s so superbly made. I used to be tremendous proud to see the designers popping out from the Yu Prize doing such an incredible job.”
Along with the Yu Prize, a brand new occasion referred to as the Hu Style Ahead Prize, launched by the retailer Le Monde de SHC is about to kick off this week. The HFF additionally honors rising Chinese language trend expertise and on Friday will title its first-ever winner.
Hu Style Ahead Prize Names Inaugural Finalists
Chen Peng Takes 2021 Yu Prize