China's Stylish First Lady: China’s new first lady, Peng Liyuan, is shaping up to be China’s own Kate Middleton or Michelle Obama. The 50-year-old professional signer’s wardrobe has become a viral Internet topic in China, prompting many Chinese sites to block her name from search options. TIME reports that China’s first lady typically keeps a low-profile, but that Peng could serve as a political blue chip. “Because of her performer’s background and presence, I think she will definitely add points for her husband,” Tian Timiao, an associate professor at Shanghai’s Conservatory of Music told The New York Times. “It could make her into a diplomatic idol.” Meanwhile, copies of her clothing are quickly being manufactured for sale on Chinese e-commerce sites. [TIME]

Cate Blanchett's Reported Armani Deal: Cate Blanchett has signed a $10 million fragrance deal with Armani, reports the New York Post. Blanchett, a longtime red carpet fan of Armani’s Privé line, is known to steer clear of celebrity endorsements, with the exception of her SK-II beauty contract. It’s unknown what fragrance Blanchett will represents in ads and when they will debut. [Page Six]

Kickstarter's Biggest Fashion Success: A simple sweatshirt has become Kickstarter’s most successful fashion project to-date. Initiated by casualwear brand Flint and Tinder, the project is dubbed the “10-Year Hoodie,” and sells a sweatshirt they claim is virtually indestructible. So far, it has raised over $700,000 via 6,000 micro investors. [BoF]

Beyoncé to Cover Vogue Again?: A Vogue UK cover mock-up featuring Beyoncé will reportedly front the magazine’s May issue. The cover, featuring Bey in a striped top and sequin skirt by Jonathan Saunders, was leaked on fashion messageboard site The Fashion Spot. Vogue UK has not yet commented on the alleged leak. [Fashionista]