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Yu Prize names ChenPeng as the inaugural winner

The inaugural Yu Prize, launched to assist rising Chinese language designers, has named ChenPeng because the 2021 winner at a gala dinner held throughout Shanghai Style Week.

The new annual prize was launched by Wendy Yu, founder and chief govt of Yu Holdings in collaboration with Paris Style Week and Shanghai Style Week to offer important assist for Chinese language style and supply a platform for worldwide publicity and collaboration.

When the Yu Prize launched in October 2020, it had one prize, granting the winner a money prize of 1,000,000 Chinese language Yuan, roughly 110,000 kilos / 150,000 US {dollars}, nonetheless, the occasion grew to 4 awards granting the winners a complete of 1.5 million Chinese language Yuan, or 163,000 kilos / 225,000 US {dollars}.

ChenPeng was named because the official Yu Prize winner, from the 16 finalists, for demonstrating “all-round excellence and potential throughout the spheres of creativity, branding, affect, commerce, internationalisation and sustainability”.

Chen will obtain funding of 1,000,000 Chinese language Yuan, alongside a 12 months’s mentoring and consulting programme from Solely the Courageous (OTB), retailing alternative at Harrods, in addition to a showcase at Shanghai Style Week and an occasion throughout Paris Style Week co-hosted by the Fédération de la Haute Couture et de la Mode and Wendy Yu.

Commenting on the winner, Wendy Yu, mentioned in an announcement: “I’m so proud to announce ChenPeng as our official Yu Prize winner for 2021, our debut 12 months. Chen achieves a surprisingly uncommon steadiness between creativity and enterprise as an rising designer.

“He has a novel design language and imaginative and prescient that interprets effortlessly throughout markets, tradition, gender and classes past style. He’s a real expertise and in addition has spectacular operational abilities. I want him the very best of luck for his future and I hope to see him play an vital position within the historical past of style.”

Chen, primarily based in London, graduated from the London School of Style in 2015 and has develop into identified for his outsized puffer jackets. His collections are stocked internationally in additional than 70 retailers together with Dover Avenue Market, Opening Ceremony, Luisa Through Roma, and Galeries Lafayette, and have been worn by celebrities together with Rihanna, Girl Gaga, and Fan Bingbing.

“The Yu Prize is sort of a neighborhood. It provides me and all Chinese language rising designers a terrific alternative to be seen by the world. ChenPeng was based 5 years in the past and this prize is a superb accelerator for our enterprise progress and growth, significantly in e-commerce,” added Chen.

Yu Prize honours ChenPeng, Susan Fang, Donsee10 and At-One-Ment

The second-largest prize, the Yu Prize Artistic Pioneer Award in partnership with Piaget, was awarded to Susan Fang for “expressing essentially the most extraordinary inventive imaginative and prescient and style as an artwork kind”. Fang wins 300,000 Chinese language Yuan, roughly 33,000 kilos / 45,000 US {dollars}.

Yu added: “I’m additionally thrilled to see Susan Wang take house the Yu Prize Artistic Pioneer Award – her work is trendy while completely magical and memorable. Each these Chinese language designers really replicate the shift we need to encourage and assist in cultivating our abilities, and transfer from ‘made in china’ to ‘created in China’.”

The ultimate two awards had been evaluated off the submission of a inventive project. The Yu Prize Sustainability Award in partnership with Rémy Martin was awarded to Donsee10 for with the ability to conceptualise a style merchandise centred on sustainable values.

Donsee10 model founder Danqi Chen introduced a bag design impressed by biodynamic grape harvesting created from botanical leather-based derived from wine residue that includes Chinese language calligraphy. Judges mentioned that her “distinctive strategy and design ethos as a sustainable designer was consistent with Rémy Martin’s model manifesto of Sustainable Excellence and provides a classy trendy contact to the time-honoured heritage of Rémy Martin Cognac Superb Champagne”.

The sustainable prize awarded Donsee10 with 100,000 Chinese language Yuan, roughly 10,000 kilos / 15,000 US {dollars}.

The ultimate honour, the Yu Prize Infinite Magnificence Award in partnership with luxurious Chinese language make-up model Yumee, was awarded to At-One-Ment for presenting a three-dimensional multi-wear robe idea constituted of plant-based polyester, impressed by Yumee’s founder Wendy Yu and the model’s lipstick and eyeshadow packaging. The award introduced At-One-Ment founder Wanbing Huang with 100,000 Chinese language Yuan, roughly 10,000 kilos / 15,000 US {dollars}.

The winners had been chosen from 16 finalists by a panel of judges together with Andrew Bolton, Edison Chen, Madame Lu, Chioma Nnadi, Pascal Morand, Sara Sozzani Maino, Giambattista Valli, Diane von Furstenberg, Michael Ward and Jason Wu. The finalists included At-One-Ment, Chenpeng, Danshan, Donsee10, 8On8, Garçon by Gçogcn, Ming Ma, Oude Waag, Redemptive, Shie Lyu, Shushu/Tong, Shutting Qiu, Susan Fang, Windowsen, Yueqi Qi, and Zi Ii Ci Ien.

All finalists shall be featured in a public pop-up style exhibition known as ‘The New Wave of Chinese language Style’ working till April 25 at HKRI Taikoo Hui mall in Shanghai.

Photographs: courtesy of Yu Prize

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