‘Lipstick King’ Li Jiaqi Reveals Future Brand Ambitions - SolidRumor.com

‘Lipstick King’ Li Jiaqi Reveals Future Brand Ambitions

 ‘Lipstick King’ Li Jiaqi Reveals Future Brand Ambitions

Li Jiaqi applies lipstick while livestreaming on the e-commerce platform Taobao. Getty Images

In the future, Li Jiaqi can envision himself building a beauty conglomerate similar in size and scope to Estée Lauder or L’Oréal Group, the livestreaming superstar said in an interview with domestic media platform, Sina.

His ambitions include a “Li Jiaqi Group” that encompasses online and offline stores, reaching far beyond his livestreaming roots. A move into building his own brand or brands would fit with a broader recent trend for Chinese influencers (known as KOLs, or Key Opinion Leaders) to leverage their massive audiences and young Chinese consumer appetites for both local and niche beauty brands, to launch their own beauty brands.

Li was speaking on the sidelines of the Boao Forum of Asia, sometimes called “China’s Davos”, where he yesterday appeared on stage with fellow livestreaming sales sensation Viya, real name Huang Wei, to speak on a panel pertinently called, “Internet Celebrity Economy on the Rise”.

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