Affa Chan
Cover (Photo: Affa Chan/ Tatler Hong Kong)

In this edition of Tatler’s Secrets of Success series—the all-access pass to the city’s most notable business magnates and entrepreneurs—queen of experiences Colleen Yu explains how her company Ex-R International is transforming the traditional marketing industry, and she opens up about the legacy she wants to leave behind for her children

When I met Colleen Yu for coffee at Café Landmark in August, I didn’t exactly know what to expect. I knew she was a larger-than-life entrepreneur and philanthropist, a fervent supporter of both the Hong Kong Ballet and Make-A-Wish Foundation, as well as a mother of two and queen of the social scene. But the rest was a mystery. With events and galas put on hold all year, it was almost silly that we hadn’t yet met in person.

Although she is married to Terence Fung, executive director of the Fung Group, Yu has spent the last decade carving a path of her own. After graduating from Carnegie Mellon University, Yu moved to Tokyo where she spent three years consulting for KPMG, later leaving for a career in private wealth management at Goldman Sachs. After moving back to Hong Kong in 2009, she founded experiential marketing firm, Ex-R International (short for ‘experience re-engineered’) a year later, and began working with the world’s biggest luxury clients to create events designed to thrill.

From creating an escape room for Montblanc, a 16-course immersive butterfly-themed dinner for Clé de Peau Beauté and an 800 person party for David Beckham in Shanghai, Yu’s team is always up for a challenge. With renowned clients under her belt like La Prairie, Ferragamo, Delvaux and Tod’s, the born-and-raised Hongkonger is now focusing her efforts on Yum Me Play, an experiential learning platform for children that she launched in 2020 with business partner Chris Yum.

Her other two brands under the Ex-R International umbrella are Live Nation Connects, a music experience marketing agency, and Ex-R Consulting, a full service marketing and creative agency for luxury brands and corporate clients.

Here she talks to Tatler about her growing team, why she dislikes the word “impossible” and why the last 12 months have been “transformative”.

Describe what you do in one sentence.

I design experiences to inspire people and create memories.

How does your business make a difference?

The experiences we create inspire and educate our audience. Either we educate them about a brand, or we educate children about important themes, like animal conservation and wildlife, or we immerse people in an experience where we can really stimulate them. I consider it a blessing to be able to make a mark on someone’s memory—whether it's a concert experience that we organise with Live Nation, or an art exhibition where guests can be inspired by an artist. I believe I am making a difference and that makes me even more passionate about my work. There is always potential to move someone.

Have you ever had any odd client requests?

There have been so many times over the last decade when the limits of my team have been challenged, but we pulled through. In my dictionary, there’s no such thing as the word impossible. I’m not saying that in a cocky way; with perseverance and the willingness to go above and beyond for a client, anything is possible.

How big is your team presently?

More than 20 people, based between Hong Kong, Mainland China, South Korea and New York.

What qualities do you look for in a potential employee?

Professionalism. Common sense and rationality, especially when dealing with clients. Open-mindedness. A team player. This is very important, especially in this line of work. There’s no way that one person can actually complete a job alone.

What are the top three ingredients for a successful business?

1. Humility: I always try to challenge myself to be better, and I do not compete with others. I always aim to be a little bit better than before.

2. Adaptability: Especially in such a volatile market. It’s important to create a business model that can adapt to changes and what the market needs.

3. Resilience.

What do you put your success down to?

Passion and love for what I do.

Do you have any mentors? If so, who are they and what is the best piece of advice they have given you?

I absorb advice and inspiration from a lot of people around me. It doesn't have to be someone who is more senior to me. I can be inspired from an intern. Whenever I doubt my own abilities, I always think “go big or go home” and “just do it”. I don’t like to waste my life thinking about what is possible and what isn’t. I just go for it.

I recently joined the Entrepreneurs Organization (EO) [a global network of business owners], which has been very helpful. Prior to joining this group, I felt a little lonely as an entrepreneur, especially when people around me, including my husband Terence, were working in well-established businesses. I, on the other hand, was just trying to build my own business and constantly wondering if I was doing the right thing. With EO, I’m able to share experiences with fellow entrepreneurs which has really helped and inspired me.

What has been your biggest career obstacle to date? How did you overcome it?

There have been tonnes of obstacles, but the last two years have been transformative. Pre-pandemic, I never had to do any marketing for the company. We would book clients through word-of-mouth. Due to Covid-19, there were a lot of event cancellations, which got us a bit worried. But even with the drastic changes to the market, we are still doing quite well. To put a positive spin on it, it’s just a paradigm shift in the whole marketing space. I have always tried to convince my clients to do more experiential marketing and now they are much more open to new ideas.

Do you have any business regrets?

Never. I always take any negative experiences as opportunities to learn. Of course there are moments when I look back and think, ‘why did I do that?’, or times when clients have taken advantage of us, but it has just inspired me to do better or never do it again. Mistakes make you mentally stronger.

How do you plan to develop your business over the next five years?

Yum Me Play is going to be the next big focus. I would really love for Ex-R International to become an experience powerhouse in Asia focusing on luxury, education, art and music. The word experience as evolved a lot. When I named my company Ex-R Consulting ten years ago, little did I know that ‘experience’ was going to be such a big hype word. I'm so happy I did that, because in my line of work, experiences are everything.

On a personal note, I’ve been reflecting on all that I’ve built in the last ten years. All the hard work and time spent away from my children because I wanted to create a legacy. Maybe Ex-R International is something my daughter can take over one day. I want to create something my kids can be proud of and be part of.

What is one surprising thing about you that most people don’t know?

That I speak Korean when I’m drunk. You can publish that, it’s fine (laughs). I’m a big language person. I speak Korean and Japanese fluently, and I love K-pop, and dance and TV shows. To be fair, this knowledge has actually helped me build my business in Korea, so there’s a bonus.

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