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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Li Tao

Li Tao

Li Tao is a senior technology reporter, based in Shenzhen. He focuses on big enterprises including Alibaba, Huawei and ZTE, hardware makers, and smartphone brands such as Oppo, Vivo and Oneplus. He joined the Post in 2017 after working for more than seven years with China Daily in Hong Kong. He has masters degrees in both laws and journalism.

Celia Chen

Celia Chen

Celia is a tech reporter for the Post, covering companies such as Tencent, JD.com and Foxconn. She also covers start-up news and China's tech world. Prior to joining the Post, she worked for China Daily.