Fashion Business Context Fashion Business Context_Claudia Ferraretto | Page 32

E-Reputation: a passe-partout for Chinese Market I talian luxury fashion brands are increasing the target to Chinese market in order to make as much profit as possible from Chinese consumers, since china’s consumption of luxury fashion goods category is amongst the highest in the world (Bonetti, 2014). But as Zisper et al. (2016) report in their studies “a rising proportion of Chinese consumers focus on a few brands, and some are becoming loyal to single brands”, this means that becoming part of the closed set of the few brands consider by them is increasing challenging. Chinese people are attracted to luxury goods to show their wealth and social position, so that, nowadays, the real challenge for luxury fashion brands is their reputation and their brand image. A brand should be well-known, renowned and, since in this country more than 980 million people are now online, improve its presence on internet through Baidu (Chinese web services company), social networks, blogs, increasing IWOM (Internet Word of Mouth) and its “E-Reputation” (Olivier, 2014). The 91% of internet users have accounts in popular Chinese social networks: Weibo, WeChat, Douban, these are the socials in which Chinese people spend most of their time, for this reason the presence of a brand on social networks is imperative to communicate with its consumers, in order to better understand what their consumer could like, promote their brand name and confirm that what they are selling “a brand should be well-known, renowned” Fashion China Agency (2016) suggest that successful luxury brands in china had invested a lot in their digital communication, trying to combine e-commerce with a good digital marketing strategy. Social Network: Weibo Here the brand share content on the brand. We can see different photos of celebrities wearing Versace, of course the most popular photos are those of Asian celebrities. Social Network: Douban It is a platform dedicated to consumer reviews on services and products. The brand has launched a campaign called “Cut & Craft” by defying its most creative fans to create brand’s handbags with the help of tips and a small manual; the most original bag was rewarded by the brand. Social Networks: VIP Weibo Account It offer privileges, discounts and gifts to fans with a VIP Weibo Account. 32 Social Network: Weibo The brand is known through the socials to have made a campaign by creating a competition on his Weibo account. This allowed fans to actively participate in making themed photographs. This helped Fendi to have many responses and it showed at the same time that Chinese users are present and read the contents of the page. they like to participate in the events of brands because they love the interaction. Social Network: WeChat Since on WeChat the brand has to invite users to follow their official account by scanning the QR code, and then thank the new follower personally; this social network is sometimes run by local distributors, a method that many brands have decided to use.