Profile Of A Chinese Millennial & Entrepreneur: Chelsea Lu

Having an entrepreneurial spirit and the urge to create one's own company is becoming increasingly characteristic of Millennials all over the world. Regardless of their country or continent, many young people seek to pursue their passions and create a name for themselves. This is the case for Chelsea Lu, a young entrepreneur in China, who after attending college and working in the U.S., moved back to China to create an Internet application. One of our Youth Advisory Board members, Bryan Spencer, interviewed her in the latest installment of his "Profile of a Chinese Millennial" series, highlighting this universal desire among young people to make a difference. 

Profile Of A Chinese Millennial & Entrepreneur: Chelsea Lu

Mark SaysBryan Spencer: So you're a 20-something year old entrepreneur in China. Can you tell me a little about your company? How did you form your company and what were you doing?

Chelsea Lu: I started this company after I quit my last job in digital advertising in the U.S. and came back to China. My sole motivation for quitting my job and coming home was to start my own tech company — the typical "Silicon Valley" style, and by that I mean focusing on building one consumer Internet application. I realize this was a pretty atypical path for a person on the buying side of digital advertising and with no coding experience. However, retrospectively, I think the seed for this adventure was planted during my first summer internship when I was working with a digital media team.

I especially remembered one guy from a startup that does verified code ad coming in for an introduction one afternoon. He was the co-founder of his own company and was VERY passionate about the product. To this day, I can still recall the goosebumps I got listening to a good way.



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Quote of the Day: “My financial priority is getting a job and getting out of my parents’ house.” –Male, 20, WA

Virtual reality is poised to become an entertainment game-changer—could it revolutionize education as well? Google is pioneering Expeditions, a new “virtual field trip” program that reaches out to schools with lessons that integrate virtual reality viewers. Expensive VR headsets are not necessary since Google Cardboard is used, allowing a very new technology to be brought into classrooms at an early stage. (NYTimes)

Millennials are bringing their financial preferences to wedding planning. A survey from The Knot and PayPal found that 44% of couples wish they could make all their vendor payments via smartphone, and 42% were surprised their vendors did not accept electronic payments. They also want the “I do” day to be money-hassle-free: 70% think automated payments for remaining balances on the wedding day would be helpful. (MarketWatch)

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After years of magical, mystical creatures and dystopian horror stories ruling YA shelves, a new wave of novels are making more relatable narratives popular again. According to Scholastic, “realism is on the rise,” and books that feature the problems of real-world teens are the next big thing. Recent examples include 21 PromsHomeroom Diaries, and Me and Earl and the Dying Girl, which was also turned into a feature film. (Scholastic)

In 2014, designer Rebecca Minkoff opened her stores of the future, featuring digital fitting rooms with large, mirrored touch screen walls that allow visitors to browse the latest collections, runway shows, photos, and other brand content . Almost a year later, those tech dressing rooms are being credited with tripling expected clothing sales. Minkoff says, “Trying something on signifies intent, and the customer may not have been thinking about buying a dress, but they see it suggested on the screen and know to ask for it.” (Digiday)

Quote of the Day: “My biggest financial goal is Financial independence from my parents.” –Female, 22, MA

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