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Retail

China’s Qudian to pay $100M for 28.9pc stake in luxury ecommerce platform Secoo

June 3, 2020

Secoo is one of the key players in the luxury ecommerce market in China and Asia. Image credit: Secoo Secoo is one of the key players in the luxury ecommerce market in China and Asia. Image credit: Secoo

 

By Luxury Daily News Service

Qudian Inc., an online platform that offers consumer finance, will pay $100 million to become the largest single shareholder in Secoo, a leading Chinese luxury ecommerce platform.

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  1. Chanel taps Sofia Coppola in latest video drop
  2. LVMH pushes gender equality and diversity in social responsibility program
  3. Importance of ecommerce for “Made in Italy” post-pandemic
  4. Marketers take to content marketing despite reservations over ROI, measurement
  5. Day's wrap: Rolls-Royce, UHNWI spending, Lane Crawford and millionaire taxation
  6. UHNWIs, picking winners and losers, drawing sharp line in sand with spending post-COVID-19
  7. Is JD.com’s AR shoe try-on feature the future of footwear retail?
  8. Lane Crawford, department store to Chinese wealthy, puts out call for emerging homegrown talent
  9. Rolls-Royce tackles in-cabin air quality with new tech and app settings
  10. Why digital mastery is the only option for today’s luxury brands
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Is JD.com’s AR shoe try-on feature the future of footwear retail?