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Showing posts with label Gen-Y. Show all posts
Showing posts with label Gen-Y. Show all posts

Wednesday 4 May 2022

Young designer aims to show pride, passion China’s homemade aircraft carrier Shandong brings

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Sailors in the fashion clothing pose in front of the aircraft carrier Shandong for the street style photos. Photo: Courtesy of Glory Made

Sailors in the fashion clothing pose in front of the aircraft carrier Shandong for the street style photos. Photo: Courtesy of Glory Made



Editor's note:

China's first white paper published recently on its youth describes its young generation as "confident, aspirant and responsible". According to the document, Chinese youth possess a global vision and stand at the forefront of the times bursting with commitment: pursuing lofty ideals with a firm belief in socialism with Chinese characteristics. Young people are also described in the paper as full of patriotism, displaying the sterling quality of living up to responsibilities and striving to be contributors to the country's development.

Wednesday marks the national Youth Day, which falls on May 4 to honor the patriotic youth movement - the 1919 May Fourth Movement that began 103 years ago. On this special occasion which also marks the 100th anniversary of the founding of the Communist Youth League of China, the Global Times presents a series of stories about four prominent figures of the young generation, who were nourished in great times with ample opportunities and have been sparing no efforts in promoting Guochao, also known as Chinese trends or "China chic", to the international stage. Looking ahead to the new era, their stories fully showcase that youth is the most active and vital force in society and the hopes of a country and the future of a nation lie in their hands. This is the second part in the series in which we can get to see these young faces, a young designer who is helping popularize China's aircraft carrier culture centering the Shandong vessel.The rest stories are Gen-Z director amazes world with ancient dancing show, pledges to be cultural promoter, and Young Chinese culture promoter presents traditional handicrafts to Oxford Uni and Milan Fashion Week.

It was April 23, the PLA Navy Day in China, and 24-year-old Tang Ziwei was even busier. The designer behind the fashion line of the Shandong, China's first domestically designed and built aircraft carrier, had to catch up for new products to meet the enthusiasm among young people for China's own fast developing naval culture.

"Not only the whole team including me but also thousands of China's navy fans are so excited about the day, when we can cheer for China's navy," the 1998-born Tang told the Global Times. "What's more, I feel even prouder to part of it, being able to contribute to the country's own navy culture with my talent and the understanding of China's culture".

Three years after the Shandong vesselwas launchedin 2017, the Glory Made, the studio that Tang works at, released the first culture products for the ship from baseball cap hats to toy models. "It turned out to be a great success among young public, who show great interest in the Shandong vessel and our navy," recalled Xie dahuan, who runs the studio. "All sold out. People need to make orders first and wait for weeks before receiving them."

Sailors in the fashion clothing pose in front of the aircraft carrier Shandong for the street style photos. Photo: Courtesy of Glory Made

Sailors in the fashion clothing pose in front of the aircraft carrier Shandong for the street style photos. Photo: Courtesy of Glory Made



Passion for PLA Navy

The passion and pride for China's own homemade aircraft carrier influence ordinary people who are willing to get close to it, but also the designers like Tang who make it their own dream to getting more people fall in love with China's own naval culture.

In order to achieve that goal, the Glory Made released the fashion clothing line in the summer of 2021, which includes T-shirts, jackets, shorts and even the popular flight jackets full of China's own design languages and culture elements.

"You see the logo that we designed, the Chinese characters as well as the pandas graphic designs ... they are unique and represent our young people's cultural confidence," said Tang, who visited the Shandong ship for inspiration only months after joining the studio.

Having been fully prepared to see such a large ship, 300 meters at length and over 20 floors tall, she was still stunned to stand in front of the 75,000-ton sea giant. "It is too spectacular. Words can't even express my feelings that time: pride, excitement, joy and more," she recalled.

Claiming she wasn't a military fan herself, the young girl fell in love with the ship after the trip. "Stepping on the ship and talking with these young people, soldiers, pilots, most at my age, help me make up the mind to introduce to more people with the pride feeling, passion and positive energy that I learned from them and experienced myself," she said. Even her PC's wallpaper is a picture of the Shandong vessel.

Photo: Designer Tang Ziwei

Photo: Designer Tang Ziwei



Chinese aesthetic culture

How to make young people be attracted to these cultural products has been something that Tang and her colleagues started to plan from the very beginning. Every detail has been carefully added with China's elements like propitious clouds embroidery on the baseball cap.

To Tang, create things with Guochao or China chic style is the reason why she started. "Staying true to my original heart means that I need to apply these inspirations that our own culture brings and show the cultural confidence that wearing these products can bring," she said. Tang hopes to spread traditional culture among her peers especially those born after 1995.

As one of them, Tang knows better than anyone else. "We are growing up during the country's fast developing period and witnessing the strength of China. So we are eager to tell the world about our sincere patriotic feelings and cultural pride."

Clothing is the best carrier of that cultural onfidence. In Tang's designs, the name of the Shandong ship in Chinese characters is embroidered on the front of their most popular flight jacket, bring a feeling of "fancy and high class"; "Serve the People," the Chinese writing of the Communist Party of China's motto is also attached on several styles of T-shirts that both young people and sailors on the Shandong ship love to wear.

A series of street-style photo shoots that the sailors and pilots in these clothes posed in front of the ship has been widely covered by both Chinese media outlets and overseas ones like CNN.

According to Tang, the T-shirts imprinted with the image of a robot panda are also popular with young sailors due to the design which they find cool, half of the lovely beast in the suit of a jet pilot and the other half in the X-rayed mechanical structure while its claws being boosted with jets.

Besides, due to the safety requirement on the ship, these sailors have to wear clothes made of pure cotton in some occasions. "Xinjiang cotton, one of the best in the world has been wildly used on the whole clothing line. It feels soft and comfortable," she added.

From the raw material and designs, Tang and her colleagues are choosing the best of the best of the Shandong cultural products. "Young people like me, who refuse the idea of tangping (lying flat), are working in every area to let the world see the strength of Chinese people, the power of Chinese design and feel the warmth of Chinese culture," Tang said. 

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Tuesday 7 March 2017

Rich Gen-Y kids making their own success


SINGAPORE: One of Rachel Lau’s strongest childhood memories is the smell of newspaper. Her father, driving her to school each day in Kuala Lumpur, would make his sleepy daughter open the paper, go through stock quotes and do mental math.

“He would be, like, How did KLK do today? OK, if it’s up four sen and I’ve got 89,000 shares, how much did I make?” Lau recalled. The daily ritual continued through her teenage years. Her father Lau Boon Ann built his fortune in real estate and by investing in companies like Top Glove Corp Bhd, which became the world’s biggest rubber-glove maker.

Some days, he would stand in front of an empty lot with his young daughter and challenge her to imagine a building there rather than watching the chickens running around.

Lau, now 31, is one of the three millennial co-founders of RHL Ventures, along with Raja Hamzah Abidin, 29, son of prominent Malaysian politician and businessman Datuk Seri Utama Raja Nong Chik Raja Zainal Abidin and Lionel Leong, also 29, the son of property tycoon Tan Sri Leong Hoy Kum.

They set up RHL using the wealth of their families with a plan to attract outside capital and build the firm into South-East Asia’s leading independent investment group.

“We look at South-East Asia and there is no brand that stands out – there is no KKR, there is no Fidelity,” Lau said. “Eventually we want to be a fund house with multiple products. Venture capital is going to be our first step.”

RHL has backed two startups since its debut last year. One is Singapore-based Perx, which has morphed from a retail rewards app to provide corporate clients with data and analysis on consumer behaviour. Lau is a member of Perx’s board, whose chairman is Facebook Inc co-founder Eduardo Saverin.

In January, the firm invested an undisclosed amount in Sidestep, a Los Angeles-based startup that’s also backed by pop-music artists Beyonce and Adele. Sidestep is an app that allows fans to buy concert memorabilia online and either have it shipped to their home or collect it at the show without having to wait in line.

“RHL guys are really smart investors who are taking their family offices to a new play,” said Trevor Thomas who co-founded Cross Culture Ventures – a backer of Sidestep, together with former Lady Gaga manager Troy Carter. “What attracted the founders of Sidestep to RHL was their deep network in South-East Asia.”

A lot of startup founders in the United States want to access the Asian market, said Thomas, but they often overlook the huge South-East Asian markets and only focus on China. “Rachel and the team did a great job of explaining the value of that vision and providing really great access to early-stage US companies,” he said.

In South-East Asia, RHL has positioned itself between early-stage venture capitalists and large institutional investors such as Temasek Holdings Pte. Hamzah said they want to fill a gap in the region for the subsequent rounds of funding – series B, C and D. “We want to play in that space because you get to cherry pick,” he said.

RHL’s strategy is to take a chunk of equity and a board seat in a startup that has earned its stripes operationally for at least a year, and see the company through to an initial public offering.

Summer camp

RHL’s partners represent a new generation of wealthy Asians who are breaking away from the traditional family business to make their own mark. They include billionaire palm-oil tycoon Kuok Khoon Hong’s son Kuok Meng Ru, whose BandLab Technologies is building a music business.

RHL’s story begins in 2003 at a summer camp in Melbourne. During a month of activities such as horse riding and playing the stock market, Lau struck up a friendship with Hamzah, unaware that their parents knew each other well.

Their paths crossed again in London, Sydney, New York and Hong Kong as they went to college and forged careers in finance – Lau at NN Investment Partners and Heitman Investment Management, where she currently helps manage a US$4bil equity fund; and Hamzah at Goldman Sachs Asset Management and Guoco Management Co. Together with their mutual childhood friend Leong, the trio would joke about all returning to Malaysia one day to start a business together.

That day came in 2015 when Hamzah called up Lau in Hong Kong and said: “Yo! I’ve moved back. When are you coming back? You haven’t lied to me for 15 years, have you?”

They decided their common trait was investing.

Hamzah shares Lau’s passion for spotting mispriced assets by analysing valuations. Lau says she trawls through 100-page prospectuses for fun and values strong free cash flow – the cash a company generates from its operations after capital expenditures. Leong helped structure debt products at Hong Leong Investment Bank before joining his family’s real-estate business to learn about allocating capital to strategic projects.

In February 2016, they started RHL Ventures – an acronym for Rachel, Hamzah, Lionel – with their own money. When their families found out about the plan, they were eager to jump in, said Lau. Now they aim to raise US$100mil more from outside investors.

The partners have roped in their family and hedge-fund experts as advisers. “We recognise that we are young and still learning,” Lau said. “There is no point pretending otherwise.”

Leong’s father runs Mah Sing Group, Malaysia’s largest non-government-linked property developer. Hamzah’s father, chairman of mechanical and electrical business Rasma Corp, is a former Federal Territories and Urban Wellbeing Minister. Top Glove chairman Tan Sri Lim Wee Chai is also an adviser, in place of Lau’s father, who died in 2008.

The other two advisers are Marlon Sanchez, Deutsche Bank’s head of global prime finance distribution in Asia-Pacific, and Francesco Barrai, senior vice-president at DE Shaw, a hedge fund with more than US$40bil in investment capital.

RHL added a fourth partner last month, John Ng Pangilinan, a grandson of billionaire property tycoon Ng Teng Fong, who built Far East Organisation Pte and Sino Group.

Ng, 37, has founded some 10 ventures, including Makan Bus, a service that allows tourists to explore off-the-beaten-track eateries in Singapore.

As well as their family fortunes, the four partners bring experience of upbringings in dynasties that valued hard work, tradition and dedication.

Ng recalls his grandfather, Singapore’s richest man when he died in 2010, would always visit a property he was interested in buying with his wife.

After driving around the area, they would sit on a bench and observe it from a distance. Then they would return to the same spot after dark.

“He said to us, ‘What you see during the day can look very different at night,’” Ng said.

Hamzah, whose great-grandfather Mustapha Albakri was the first chairman of Malaysia’s Election Commission, remembers his father’s lessons in frugality – one time in London he refused to buy a £2 (US$2.50) umbrella when it started raining as they had plenty of umbrellas at home.

Leong, scion of Mah Sing Group, grew up listening to tales of how his family business overcame tough times by consolidating and reinventing itself from its roots as a plastic trader. “It made me realise that we have to be focused,” he said.

“So with every deal we do, we have to put in that same energy and tenacity.”

Lau was a competitive gymnast as a child but quit the sport when she failed to win gold at a championship event.

“It’s one thing I regret. In hindsight, I don’t think I should have given up,” said Lau. “The ultimate champion is the person who doesn’t give up.”

One old habit however remains. When Lau picks up a newspaper, she goes straight to the business section. “It’s still the only thing I read,” she said. – Bloomberg/The Star by Yoolim Yee

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