Li Jiaqi, China’s “King of E-commerce Livestreaming,” to Host Interactive Fashion Show

HONG KONG, Aug 20, 2021 – (ACN Newswire) – Li Jiaqi, recognized for his successes as a livestreaming e-commerce influencer, is ready to host a style present on the iconic Shanghai K11 Art Mallon August 19-22. The present will characteristic each on-line and offline parts, consistent with current procuring tendencies in China. By taking Li Jiaqi WoW, his private procuring info and advice channel, offline for the primary time ever, Li will encourage viewers to work together with the 5 taking part up-and-coming Chinese designers, primarily based around the globe, through livestreaming behind the “door” (in Li Jiaqi’s new product launch, the phrase “door” metaphorically implies the bridge between on-line and offline channels). Different from standard livestreaming exhibits, Li Jiaqi’s workforce has created an immersive showcase of interconnected livestreaming and e-commerce parts.Li is China’s hottest key opinion chief (KOL) within the livestreaming e-commerce business – with practically 170 million followers – and has pushed gross sales of greater than$430 million (RMB2.8 billion) in a single reside broadcast. Since 2016, livestreaming e-commerce has grown in reputation in China. Outperforming all different procuring channels, its consumer scale reached 388 million until December 2020, 66.2% of whom purchased merchandise through this channel, China Internet Network Information Center (CNNIC) says.Compared to conventional on-line procuring, livestreaming e-commerce provokes a higher client response via vigorous visible demonstrations, higher comfort, and extra reasonably priced value throughout the nationwide lockdown brought on by the COVID-19 pandemic. Livestreaming e-commerce is particularly fashionable throughout China’s e-commerce festivals, such because the 618 Festival – a June competition run by many of China’s e-commerce corporations -with 14.2 billion views and over 100,000 manufacturers concerned in livestreaming influencer advertising and marketing in 2021.At the guts of China’s livestreaming e-commerce world in addition to a contributor of such accomplishment, Li Jiaqi is a pressure of nature. Ever since coming into the business, Li has been a trendsetter, his opinions delivered with iconic model. A “Recommended by Li Jiaqi” endorsement can actually change an organization’s fortunes. Florasis, a Chinese make-up model, was one such firm, quadrupling its gross sales year-on-year to RMB 2.75 billion after partnering with Li, rocketing them the highest of Chinese make-up manufacturers for 2020. Leveraging his highly effective affect, Li has led dozens of Chinese manufacturers to nationwide reputation, main to him being dubbed China’s “prime home product promoter.”Behind Li’s to rise to fame are tags corresponding to “Made in China,” “make-up,” and “lipstick,” however deep down, Li has all the time had a higher ambition. In August final 12 months, Li Jiaqi’s workforce launched China’s first livestreaming procuring info and advice program, Li Jiaqi WoW, a confluence of info on new merchandise, accessible globally, throughout a quantity of classes. This shift to a extra world focus is all half of Li’s efforts to import designer manufacturers around the globe into China’s market. Since then, Li Jiaqi WoW has aired practically 50 episodes, eliciting a robust response throughout China’s social platforms, corresponding to Weibo, TikTok (Douyin), and Xiaohongshu (RED). The program is anticipated to additional combine offline channels because it seems to present designers and types with higher alternatives for promotion.Li’s transfer of selling worldwide manufacturers nationwide through his livestreaming channel has labored out favorably for many featured manufacturers. In a Salvatore Ferragamo reside broadcast, for instance, 200 Salvatore Ferragamo Creation purses, priced at RMB 17,000 every, rapidly bought out.Li Jiaqi’s story will not be merely one of commerce and consumption, but in addition one which reveals the continued change in model advertising and marketing and promotion in China adopted by technological improvement and modifications in Chinese folks’s consumption conduct.As the “door” metaphorically implies in Li Jiaqi’s new product launch, reside streaming e-commerce breaks borders and bounds of house through on-line and offline channels, and presents manufacturers to the market at a minimal value, maximizing advantages for each manufacturers and shoppers. The CNNIC said in its report that livestreaming e-commerce customers made up a mere 39% of China’s netizen inhabitants as of December 2020. Given the nation’s whole web consumer inhabitants of 989 million, in addition to its web penetration charge of 70%, livestreaming e-commerce is definite to develop its market share within the coming years, with knowledge analytics firm iiMedia Research predicting that by 2025, China’s livestreaming influencer-led e-commerce transaction quantity will attain$1 trillion (RMB 6.4 trillion).Copyright 2021 ACN Newswire . All rights reserved.

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