L-Catterton and JD.com invest in China’s n°1 luxury e-retailer

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3 July 2018 à 16h56

Updated on 10 May 2019 à 16h58

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Publication: 3 July 2018 à 16h56, Updated on 10 May 2019 à 16h58

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Publication

3 July 2018 à 16h56

Updated on 10 May 2019 à 16h58

Reading time

1 minute

Publication: 3 July 2018 à 16h56, Updated on 10 May 2019 à 16h58

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The LVMH-backed private equity fund L-Catterton and the Chinese online retailer JD have invested US$175 million in Secoo, China’s n°1 online platform for up-market products, representing 300,000 items from 3,000 brands. Secoo posted a loss of US$10 million in 2017 but is targeting global expansion. Last year, it listed on the Nasdaq for a market capitalisation of US$499 million in December 2017. JD.com has been battling online rival Alibaba over brand exclusivity for years, including

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