businesspress24.com - Livestreaming Mogul Li Jiaqi, International Brands Partner to Showcase New Products in Chinese Marke
 

Livestreaming Mogul Li Jiaqi, International Brands Partner to Showcase New Products in Chinese Market

ID: 1569010

(firmenpresse) - HONG KONG, Aug 21, 2021 - (ACN Newswire) - The arrival and subsequent evolution of livestreaming technology, and its integration with e-commerce, has radically changed China's consumer market. Different from traditional online shopping, livestreaming e-commerce features better experience and more interaction that increasingly more consumers are gravitating toward. Amid this fast-growing medium, one man stands king: Li Jiaqi.

Li, China's leading influencer in the livestreaming e-commerce space, has signaled his intentions for the future - the integration of online and offline elements. From August 19-22, Li will host a pioneering fashion show at the city's iconic Shanghai K11 Art Mall. The show, where Li Jiaqi WoW will be taken offline for the first time, will see Li invite five up-and-coming Chinese designers to interact with viewers. Aside from watching all the latest deals and products, viewers can also communicate with the participating designers via livestreaming screens, set behind interactive "doors."

Li is China's most popular key opinion leader (KOL) in the livestreaming e-commerce industry - with nearly 170 million fans - and has driven sales of more than$430 million (RMB2.8 billion) in a single live broadcast. Since 2016, livestreaming e-commerce has grown in popularity in China. Outperforming all other shopping channels, its user scale reached 388 million till December 2020, 66.2% of whom bought products via this channel, China Internet Network Information Center (CNNIC) says.

Compared to traditional online shopping, livestreaming e-commerce provokes a greater consumer response through lively visual demonstrations, greater convenience, and more affordable price during the nationwide lockdown caused by the COVID-19 pandemic. Livestreaming e-commerce is especially popular during China's e-commerce festivals, such as the 618 Festival - a June festival run by many of China's e-commerce companies -with 14.2 billion views and over 100,000 brands involved in livestreaming influencer marketing in 2021.





At the heart of China's livestreaming e-commerce world as well as a contributor of such accomplishment, Li Jiaqi is a force of nature. Ever since entering the industry, Li has been a trendsetter, his opinions delivered with iconic style. A "Recommended by Li Jiaqi" endorsement can truly change a company's fortunes. Florasis, a Chinese makeup brand, was one such company, quadrupling its sales year-on-year to RMB 2.75 billion after partnering with Li, rocketing them the top of Chinese makeup brands for 2020. Leveraging his powerful influence, Li has led dozens of Chinese brands to nationwide popularity, leading to him being dubbed China's "top domestic product promoter."

Behind Li's to rise to fame are tags such as "Made in China," "makeup," and "lipstick," but deep down, Li has always had a greater ambition. In August last year, Li Jiaqi's team launched China's first livestreaming shopping information and recommendation program, Li Jiaqi WoW, a confluence of information on new products, available globally, across a number of categories. This shift to a more global focus is all part of Li's efforts to import designer brands around the world into China's market. Since then, Li Jiaqi WoW has aired nearly 50 episodes, eliciting a strong response across China's social platforms, such as Weibo, TikTok (Douyin), and Xiaohongshu (RED). The program is expected to further integrate offline channels as it looks to provide designers and brands with better opportunities for promotion.

Li's move of promoting international brands nationwide via his livestreaming channel has worked out favorably for most featured brands. In a Salvatore Ferragamo live broadcast, for example, two hundred Salvatore Ferragamo Creation handbags, priced at RMB 17,000 each, quickly sold out.

Li Jiaqi's story is not simply one of commerce and consumption, but also one that reveals the ongoing change in brand marketing and promotion in China followed by technological development and changes in Chinese people's consumption behavior.

As the "door" metaphorically implies in Li Jiaqi's new product launch, live streaming e-commerce breaks borders and boundaries of space via online and offline channels, and presents brands to the market at a minimum cost, maximizing benefits for both brands and consumers. The CNNIC stated in its report that livestreaming e-commerce users made up a mere 39% of China's netizen population as of December 2020. Given the country's total internet user population of 989 million, as well as its internet penetration rate of 70%, livestreaming e-commerce is certain to grow its market share in the coming years, with data analytics company iiMedia Research predicting that by 2025, China's livestreaming influencer-led e-commerce transaction volume will reach$1 trillion (RMB 6.4 trillion).

Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
drucken  als PDF  an Freund senden  Li Jiaqi and Livestreaming, Unbound by Time or Space Li Jiaqi - Chinas King of Livestreaming E-commerce - Goes Global
Bereitgestellt von Benutzer: acnnewswire
Datum: 22.08.2021 - 00:28 Uhr
Sprache: Deutsch
News-ID 1569010
Anzahl Zeichen: 5008

contact information:
Town:

HONG KONG



Kategorie:

Business News


Typ of Press Release: please
type of sending: don't

Diese Pressemitteilung wurde bisher 424 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Livestreaming Mogul Li Jiaqi, International Brands Partner to Showcase New Products in Chinese Market"
steht unter der journalistisch-redaktionellen Verantwortung von

Li Jiaqi (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Li Jiaqi and Livestreaming, Unbound by Time or Space ...

HONG KONG, Aug 20, 2021 - (ACN Newswire) - Li Jiaqi, the most influential figure in China's livestreaming e-commerce space, recently announced his latest move - his hosting of a new fashion show at the iconic Shanghai K11 Art Mall, to be held be ...

Alle Meldungen von Li Jiaqi



 

Who is online

All members: 9 454
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 187


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.