A child stands near the mascot of JD.com and the words for “Be Number One” at the Chinese e-commerce giant’s headquarters in Beijing. JD.com’s investment in Secoo marks its latest deal in the luxury fashion retail market after it paid US$397 million in June last year for a stake in Farfetch, the London-based luxury fashion e-commerce service provider. Photo: AP

Chinese luxury retailer Secoo drives expansion via US$175m deal with JD.com, L Catterton

JD.com’s investment in Secoo marks the latest move to build up its presence in the luxury fashion retail sector, in which Chinese consumers are forecast to make up 40 per cent of the global market by 2024

Topic |   JD.com

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A child stands near the mascot of JD.com and the words for “Be Number One” at the Chinese e-commerce giant’s headquarters in Beijing. JD.com’s investment in Secoo marks its latest deal in the luxury fashion retail market after it paid US$397 million in June last year for a stake in Farfetch, the London-based luxury fashion e-commerce service provider. Photo: AP
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