Secoo Holding Limited (NASDAQ: SECO), a Chinese online luxury fashion retailer, received a $175m investment.
L Catterton Asia, the Asian unit of global consumer-focused private equity firm, and JD.com, a Chinese large retailer, made the investment.
Led by Richard Li, Chairman and Chief Executive Officer, Secoo is an online luxury fashion retailer providing customers with a selection of authentic upscale products and lifestyle services on an integrated online and offline shopping platform, which consists of Secoo.com, mobile applications and offline experience centers.
Across its platform, the company offers more than 300,000 SKUs, which cover more than 3,000 global and domestic brands.
By partnering with L Catterton Asia, Secoo will be able to further expand within the luxury market, to continue enhancing shareholder value and strengthen its position in the Chinese luxury e-commerce market.