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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. Swarovski marks 125 years with anniversary collection to attract millennials
  2. Bergdorf Goodman's Darcy Penick: Luxury Woman to Watch 2019
  3. Digital marketing needs to evolve customer experience: Forrester
  4. Gucci takes AR tech to Snapchat for footwear virtual trial and eventual purchase
  5. Porsche Design, matching bespoke capability for cars, to enable 1.5M design options for wristwatches
  6. Cartier turns to China, South Korea for upgraded Pasha de Cartier watch launch
  7. Fashion mirrors social movements with brand activism
  8. How can beauty brands fuse the physical/digital connection post-pandemic?
  9. Gucci is 2019 Luxury Marketer of the Year
  10. Relatable influencers are key to future of luxury
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