DOCSLIB.ORG

Special 20160324-P1+4.Indd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Special 20160324-P1+4.Indd Ce supplément est produit par le China Daily de la République populaire de Chine, qui assume l’entière responsabilité de son contenu. Communiqué CHINAWATCH Jeudi 24 mars 2016 LE FIGARO CHINA DAILY Le marché du luxe face à une Le choix des 83%-c’est la proportion des consommateurs- marques de luxe en faveur de marques qui ont fermé au clientèle plus exigeante exclusives, haut-de-gamme, moins l’un de leurs surtout les marques de magasins en Chine produits sur-mesure qui en 2015 Les Chinois achètent des articles de mode dans connaîtront une forte 106,4 milliards d’euros - croissance du fait que les Les acquisitions- consommateurs chinois de le monde entier, et les maisons locales font leur c’est le montant des c’est la voie préférée luxe recherchent la qualité, des marques de luxe, y articles de luxe achetés par la finition et la tradition 20%-c’est la part des marché en quête de marques pour se développer. les consommateurs chinois produits et des services compris les plus grandes, pour en 2015, soit une hausse de sur mesure sur le marché Reportage de Xu Junqian. pénétrer sur de 9% en glissement annuel chinois du luxe en 2015, La roulette de la en nette augmentation nouveaux marchés distribution -les points cette année de vente exclusifs défieront Les prises de algré des pertes en 2015 pour les grands magasins cette la deuxième année consécu- année, obligeant ces derniers participation- tive, les distributeurs, les in- à orir une valeur ajoutée à une alternative vestisseurs et les spécialistes leurs consommateurs en leur aux acquisitions pour s’introduire du secteur misent sur l’avenir proposant de vivre la mode autrement sur de nouveaux Mprometteur de l’industrie du luxe chinoise, marchés portée par la dynamique d’une croissance à deux chiff res au cours des dernières années. Une étude du Fortune Character Institute, COMMENT SE PRÉSENTE qui a des bureaux à Shanghai, à Londres et dans le Connecticut aux États-Unis, semble confi rmer cet optimisme. L’an dernier, les L’ANNÉE POUR LE LUXE consommateurs chinois ont acheté 46% des Les perspectives- produits de luxe vendus dans le monde en- le segment des services tier, dont 78% ont été acquis hors de Chine. sur mesure engendrera le Les acheteurs chinois d’articles de haute plus grand nombre de couture et de produits de luxe deviennent Le commerce en débouchés cette année, aussi de plus en plus exigeants. Une marque ligne- notamment en ce qui trop facilement disponible ou trop visible, ce les socié- un nouveau vecteur concerne les projets de de croissance rapide services de ce type sur n’est pas pour eux. En achetant et en en- tés et les investisseurs chinois Internet en Chine courageant ce qui se fait de mieux parmi les en veulent une part, ils devront cette année pour les Les investissements- fabricants de produits marques de luxe existantes, ils se font créa- être plus activement présents de luxe, qui ajouteront teurs de tendances. dans chaque maillon de la chaîne les services liés aux achats de produits de vraisemblablement à Cherchant à voguer sur la vague mon- logistique, depuis la conception et la luxe haut-de-gamme la distribution tante du souci de la mode qu’ont acquis les fabrication jusqu’à la commercialisa- suscitent un grand traditionnelle les consommateurs chinois, le Shandong Ruyi tion et la distribution ». intérêt de la part des achats en ligne et les Group, l’un des grands producteurs de tex- Les choses sont allées dans ce sens investisseurs cette année applications mobiles tiles en Chine, aurait rejoint la liste des candi- dernièrement. Par exemple, Vipshop Hol- dats à la reprise du groupe français de prêt- dings, l’enseigne chinoise de mode en ligne à-porter SMCP, indiquait l’agence Bloomberg lancée localement et connue pour sa po- Source : Fortune Character Institute SU JINGBO ET MA XUEJING / CHINA DAILY en janvier dernier. Ce mois-ci, l’agence Reu- litique de rabais, a investi plusieurs millions ters a cité des sources selon lesquelles les de livres sterling en novembre dernier pour doute des investisseurs mondiaux. du premier espace multimarques dans le Michele Alberti. Son équipe d’acheteurs ex- pourparlers n’avaient pas abouti mais qu’un prendre une participation minoritaire dans la Pour Michele Alberti, président-directeur grand magasin Friendship Department périmentés à Milan contribuera à la sélection accord n’était pas encore tout à fait exclu. maison de mode britannique BrandAlley, en général de Luxemporium Investments SA, Store de Tianjin en janvier dernier. Situé au des marques destinées aux points de vente Le groupe SMCP est évalué à plus d’un mil- vue de présenter un plus grand nombre de une compagnie d’import-export de prêt-à- premier étage, le magasin Luxemporium de en Chine. liard de dollars (914,1 millions d’euros). Il dé- marques britanniques en Chine. porter basée en Suisse, qui compte comme 3 000 mètres carrés off re une large gamme Pour le PDG, « (malgré le ralentissement tient des marques de luxe abordables telles Un mois auparavant, son concurrent co-investisseur le Shanghai Spring Bamboo de chaussures, de sacs et d’accessoires économique), les gens achètent encore et que Maje et Sandro, dont le succès parmi la Secoo.com avait défrayé la chronique en ou- Group, premier fabricant local de laine et de de plus de 80 marques diff érentes, dont achètent beaucoup (en Chine). C’est juste classe moyenne grandissante en Chine s’est vrant la première boutique interactive mul- cachemire, les consommateurs chinois de- quelques-unes sont des marques de créa- qu’ils n’achètent pas ce qu’ils avaient l’ha- affi rmé au cours des dernières années. tinationale sur la Piazza del Duomo, l’un des viennent plus avisés. Mais il n’y a pas lieu de teurs parmi les plus recherchées, telles que bitude d’acheter ». L’expansion de Luxem- Le Shandong Ruyi Group fi gure parmi les quartiers commerçants les plus fréquentés les distinguer et de les traiter comme s’ils 3.1 Phillip Lim, Charlotte Olympia et Sophie porium, principalement dans des villes de quatre premières des 500 grandes entre- de Milan. étaient une race diff érente. Hulme. deuxième et de troisième catégorie, est sus- prises textiles en Chine et a affi ché un chiff re Li Rixue, fondateur et directeur général de « Il convient de ne plus considérer les Selon M. Alberti, un tiers d’entre elles sont ceptible de combler le creux que la ferme- d’aff aires record de 30 milliards de yuan (4,2 Secoo.com, a créé le site Web à Beijing il y a consommateurs chinois comme une clien- des marques de créateurs qui devien- ture de magasins d’autres grandes marques milliards d’euros) en 2013. Il s’est refusé à sept ans. Il voit dans le magasin de Milan un tèle à part », estime M. Alberti, qui a exercé nent très demandées en Chine et ailleurs. a laissé dans le commerce du luxe en Chine, tout commentaire concernant l’intérêt qu’on élément du « plan décennal de mondialisa- des responsabilités directoriales dans de « Cela se passe partout, particulièrement estime M. Alberti. lui prête au sujet du rachat de SMCP. tion de la société ». Les professionnels du grandes sociétés de luxe telles que Bally et en Chine… Même les plus riches associent Zhang Jie, PDG de la Luxemporium Inter- Une telle acquisition « ne serait qu’une secteur estiment que l’expansion agressive Salvatore Ferragamo. « On me demande des vêtements H&M ou Zara à des sacs et national Trading (Shanghai) Co, l’antenne goutte d’eau dans l’océan, car les Chinois de Secoo.com relève d’une stratégie visant toujours ce qui distingue le plus les Chinois des chaussures beaucoup plus chers et locale de la fi rme suisse, fait savoir qu’un gravissent rapidement les échelons vers le à cibler les touristes chinois qui dépensent des autres consommateurs. Je pense que plus chics. Les gens recherchent le style projet ambitieux est en train de prendre sommet de l’industrie du luxe », affi rme le di- beaucoup d’argent en Europe. (c’est le fait) qu’ils ressemblent de plus en plutôt que l’affi rmation de soi ». forme : « Luxemporium ne s’adresse pas recteur du Fortune Character Institute, Zhou Zhou Ting explique que c’est probablement plus aux consommateurs des autres pays, Au cours de la prochaine décennie, la socié- seulement aux clients chinois. La Chine est Ting. « Le marché (du luxe) reste l’un des plus ce que les Chinois achètent, où et comment sinon qu’ils montrent le chemin à l’industrie ». té prévoit d’ouvrir au moins une boutique le point de départ mais nous voulons être lucratifs pour le moment et (le restera)pour ils achètent qui déterminera où sera injecté Michele Alberti a rejoint Luxemporium en par an en Chine, un pays dont l’industrie du présents dans d’autres pays, en Asie, en la prochaine décennie. Ce qui signifi e que si l’argent des investisseurs chinois, et sans 2014 et joué un rôle clé dans l’ouverture luxe « ne décline pas, mais évolue », affi rme Europe et en Amérique ». Une réaffi rmation rassurante sur la croissance Par Andrew Moody prochaines années au moment où le gouver- fort fi nancier dans les infrastructures et que La récente réunion à Shanghai des dirigeants nement s’attaquera aux entreprises « zom- nous allons voir également d’autres aspects des banques centrales et des ministres des L’insistance avec laquelle le Premier ministre 13,8 bie » qui sont un poids pour l’économie. de la politique économique de la Chine ren- Finances des pays du G20 a éludé cette op- chinois, Li Keqiang, affi rme que la Chine ne Les marchés des matières premières, en forcer la croissance ».
Load more

Recommended publications
  • What's Powering China's Market for Luxury Goods?
    What’s Powering China’s Market for Luxury Goods? Sales are growing at a healthy 20% rate, but not all brands are celebrating. This report was authored by Bruno Lannes, a Bain & Company partner based in Shanghai and a member of the firm’s Retail and Consumer Products practices. Copyright © 2019 Bain & Company, Inc. All rights reserved. What’s Powering China’s Market for Luxury Goods? At a Glance It was the second year in a row of 20% growth for luxury goods in China. Brands benefited from repatriated purchases, a focus on millennials, increased digitalization and China’s expanding middle class. Although growth was robust overall, some companies outperformed with growth rates in excess of 25%, while others lagged with less than 10% growth. The winners’ strategies offer clear lessons for the future. China’s luxury goods market is humming along nicely, with a second straight year of 20% growth in 2018 (see Figure 1). Think of it as a powerful machine running on four engines operating in perfect alignment. More than 70% of millennials have a positive financial outlook; 81% of them expect their income to increase. Engine 1: Repatriation The Chinese government’s reduction in import duties and stricter controls over gray markets— combined with brands’ efforts to narrow the price gap with overseas markets—have led more Chi- nese consumers to make their luxury purchases in China, instead of traveling to previous bargain locales such as Hong Kong, Seoul, Tokyo and cities in Europe. Chinese consumers made 27% of their luxury purchases in China in 2018, up from 23% in 2015, and we anticipate that this share will increase to 50% by 2025 (see Figure 2).
    [Show full text]
  • Annual Report 2020 Five-Year Financial Summary
    CONTENTS Five-Year Financial Summary 2 Results Summary 3 Message from the Chairman and CEO 5 Corporate Milestone 10 Management Discussion and Analysis 12 Directors, Supervisors and Senior Management 39 Corporate Governance Report 46 Report of Directors 59 Report of the Supervisory Committee 78 Environmental, Social and Governance (ESG) Report 80 Independent Auditor’s Report 113 Definitions 215 Glossary 218 Corporate Information 219 02 ZhongAn Online P & C Insurance Co., Ltd. / Annual Report 2020 Five-Year Financial Summary AUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (RMB’000) Y2020 Y2019 Y2018 Y2017 Y2016 Gross written premiums 16,708,504 14,629,589 11,255,718 5,954,475 3,408,048 Net profit/(loss) for the year 254,380 (638,645) (1,796,718) (996,356) 9,372 Net profit/(loss) attributable to owners of the parent 553,786 (454,101) (1,743,895) (997,250) 9,372 Basic earnings/(loss) per share (in RMB) 0.38 (0.31) (1.19) (0.77) 0.01 Total assets 45,673,436 30,907,575 26,341,096 21,149,492 9,332,223 Total liabilities 28,280,101 14,402,044 9,866,423 3,878,796 2,473,251 Total equity 17,393,335 16,505,531 16,474,673 17,270,696 6,858,972 Equity attributable to equity owners of the parent 15,705,350 14,911,655 15,432,039 17,126,913 6,858,972 Combined ratio (%) 102.5% 113.3% 120.9% 133.1% 104.7% Comprehensive solvency margin ratio (%) 560% 502% 600% 1,178% 722% ZhongAn Online P & C Insurance Co., Ltd.
    [Show full text]
  • Chinese Companies Listed on Major U.S. Stock Exchanges
    Last updated: October 2, 2020 Chinese Companies Listed on Major U.S. Stock Exchanges This table includes Chinese companies listed on the NASDAQ, New York Stock Exchange, and NYSE American, the three largest U.S. exchanges.1 As of October 2, 2020, there were 217 Chinese companies listed on these U.S. exchanges with a total market capitalization of $2.2 trillion.2 3 Companies are arranged by the size of their market cap. There are 13 national- level Chinese state-owned enterprises (SOEs) listed on the three major U.S. exchanges. In the list below, SOEs are marked with an asterisk (*) next to the stock symbol.4 This list of Chinese companies was compiled using information from the New York Stock Exchange, NASDAQ, commercial investment databases, and the Public Company Accounting Oversight Board (PCAOB). 5 NASDAQ information is current as of February 25, 2019; NASDAQ no longer publicly provides a centralized listing identifying foreign-headquartered companies. For the purposes of this table, a company is considered “Chinese” if: (1) it has been identified as being from the People’s Republic of China (PRC) by the relevant stock exchange; or, (2) it lists a PRC address as its principal executive office in filings with U.S. Securities and Exchange Commission. Of the Chinese companies that list on the U.S. stock exchanges using offshore corporate entities, some are not transparent regarding the primary nationality or location of their headquarters, parent company or executive offices. In other words, some companies which rely on offshore registration may hide or not identify their primary Chinese corporate domicile in their listing information.
    [Show full text]
  • Secoo Holding Ltd Form 6-K Current Event Report Filed 2020-06-22
    SECURITIES AND EXCHANGE COMMISSION FORM 6-K Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments Filing Date: 2020-06-22 | Period of Report: 2020-06-30 SEC Accession No. 0001104659-20-075409 (HTML Version on secdatabase.com) FILER Secoo Holding Ltd Mailing Address Business Address ROOM 1503, BUILDING C, ROOM 1503, BUILDING C, CIK:1633441| IRS No.: 000000000 | State of Incorp.:E9 | Fiscal Year End: 1231 GALAXY SOHO GALAXY SOHO Type: 6-K | Act: 34 | File No.: 001-38201 | Film No.: 20977087 CHAONEI STREET, CHAONEI STREET, SIC: 5990 Retail stores, nec DONGCHENG DISTRICT DONGCHENG DISTRICT BEIJING F4 100010 BEIJING F4 100010 86 10 6588-0135 Copyright © 2020 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2020 Commission File Number: 001-38201 SECOO HOLDING LIMITED Secoo Tower Sanlitun Road A, No.3 Courtyard Building 2 Chaoyang District, Beijing 100027 The Peoples Republic of China +86 10 6588-0135 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F x Form 40-F o Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o Copyright © 2020 www.secdatabase.com.
    [Show full text]
  • Chinese Companies Listed on Major U.S. Stock Exchanges
    Last updated: May 5, 2021 Chinese Companies Listed on Major U.S. Stock Exchanges This table includes Chinese companies listed on the NASDAQ, New York Stock Exchange, and NYSE American, the three largest U.S. exchanges. i As of May 5, 2021, there were 248 Chinese companies listed on these U.S. exchanges with a total market capitalization of $2.1 trillion. On October 2, 2020, when this table was last updated, there were 217 companies with a total market capitalization of $2.2 trillion. In the list below, newly added companies are marked with a section symbol (§) next to the stock symbol. ii Companies are arranged by the size of their market cap. There are eight national-level Chinese state-owned enterprises (SOEs) listed on the three major U.S. exchanges. In the list below, SOEs are marked with an asterisk (*) next to the stock symbol. iii Since this table was last updated in October 2020, 17 Chinese companies have delisted. Two companies currently trade over the counter: Kingold Jewelry (KGJI, $3 million market cap) and state-owned Guangshen Railway (GSHHY, $2,256 million market cap). The 17 delisted companies also include four companies targeted by the Executive Order 13959 (“Addressing the Threat from Securities Investments That Finance Communist Chinese Military Companies”), which prohibited investment in Communist Chinese Military Companies. These are: China Unicom, China Telecom, China Mobile, and CNOOC Limited. In addition, Semiconductor Manufacturing International Corporation (SMIC) stopped trading over the counter as a result of the order.1 The remaining U.S.-listed company subject to the order is Luokung Technology Corp.
    [Show full text]
  • Luxury Jewellery in the Chinese Digital Age
    Master’s Degree Programme in Languages, Economics and Institutions of Asia and North Africa Second Cycle (D.M. 270/2004) Final Thesis Luxury Jewellery in the Chinese Digital Age Online strategies for selling high-end jewellery in the Chinese Market Supervisor Ch. Prof. Daniela Rossi Assistant supervisor Ch. Prof. Franco Gatti Graduand Giulia Armano Matriculation number 856165 Academic Year 2019 / 2020 INDEX ................................................................................................................................... 3 INTRODUCTION .................................................................................................................. 6 CHAPTER 1. THE LUXURY INDUSTRY: BETWEEN TRADITION AND INNOVATION .................. 9 1.1 LUXURY AS CONCEPT ............................................................................................................ 9 1.2 LUXURY AS PRODUCT .......................................................................................................... 13 1.3 LUXURY AS BUSINESS .......................................................................................................... 13 1.4 LUXURY AS CULTURE ........................................................................................................... 17 1.5 LUXURY AS CUSTOMER ........................................................................................................ 19 1.6 LUXURY AS MARKET ........................................................................................................... 23 1.6.1
    [Show full text]
  • Luxury Goods
    LUXURY GOODS China Online Boom: ...yet to come for Ostrich Luxury Brands 21 FEBRUARY 2017 at 05:29* We go back to surveying how western luxury goods brands are faring in the Chinese digital market, following up on our two previous reports: China Online Boom - No Country for Ostrich Brands; Best Luca Solca of: China Online Boom: Ostriches are lifting their heads from the sand. (+44) 203 430 8503 [email protected] China is the most advanced digital market in the world Melania Grippo Digital payment penetration in China is 50 times higher than in the USA, largely still relying on (+39) 02 89 63 1724 [email protected] plastic. FMCG online penetration has reached the mid-teens. Big-box retailing in China makes shopping malls and department stores in the USA look like the garden of Eden. Guido Lucarelli (+39) 02 89 63 1726 [email protected] Western luxury brands in China are still lagging behind Only 21 of the 34 brands we have analysed operate an e-commerce mono-brand website in China. Even more remarkable is that the largest brands, such as LV, Hermès, Gucci, Prada, Ralph Lauren and Swatch, do not have an ecommerce mono-brand site. For comparison, 31 out of 32 brands Specialist sales surveyed operate an e-commerce mono-brand website in the USA, and 30 out of 32 in the UK. David Tovar Digital proficiency in China is 46% – against 55% in our latest digital competitive map (DCM). (+44) 203 430 8677 Burberry, Michael Kors and Cartier are the only exceptions Contactlab Burberry stands out in China as strong leader on the Strategic Reach axis for exploiting all possible Marco Pozzi (+39) 02 28 31 181 ecommerce channels as well as on the Digital Customer Experience Axis, excelling in customer [email protected] service and style advisory.
    [Show full text]
  • Deloitte-SECOO CIIE Blue Paper 2019 Analysis of Luxury Goods Consumption in China's Lower-Tier Cities Deloitte-SECOO CIIE Blue Paper 2019 | Preface
    Deloitte-SECOO CIIE Blue Paper 2019 Analysis of Luxury Goods Consumption in China's Lower-tier Cities Deloitte-SECOO CIIE Blue Paper 2019 | Preface Preface After several years of downturns, areas, with consumption being No. e-commerce platforms and social global luxury goods industry has 1 driving force of economic growth platforms, the digital transformation gradually trended upwards since 2017. for five consecutive years. The luxury of luxury goods primarily shows at In recent years, China has played a goods market expands rapidly thanks the enterprise level. In other words, leading role in the growth of global to favourable government policies, the through digital technology, businesses luxury goods market. In 2018, China unleashed consumption potential in should continue to transform and spent $145.7 billion on luxury goods, lower-tier cities and the application decide on end-to-end supply chain, accounting for a whopping 42% of the and promotion of new technologies. In product supply, portfolio structure total global luxury goods market which 2018, online consumption growth rate and customer delivery logistics and to reached about $347 billion. China's of luxury goods in China reached 37%, introduce new customer experience, 2018 spending increased 7% over the accounting for nearly 14% of the total process and system based on new previous year. domestic market. infrastructure that integrates digital technology. As personal income growth rate Luxury brands have scaled up to the exceeds the overall economic growth application stage from the initial digital Our research reveals main trends of rate in China, the income gap keeps transformation phase. In addition to luxury goods consumption in markets narrowing between urban and rural marketing strategy through online across China's lower-tier cities: Deloitte-SECOO CIIE Blue Paper 2019 | Preface • First-tier cities have the lion's share but • Rejuvenation, male consumers and mobile lower-tier cities catch up fast.
    [Show full text]
  • 2015 China Luxury Market Trends Can It Rebound? Jan 20, 2016
    2015 China Luxury Market trends Can it rebound? Jan 20, 2016 This information is confidential and was prepared by Bain & Company solely for the use of our client; it is not to be relied on by any 3rd party without Bain's prior written consent Executive summary In 2015, the China luxury market declined ~2% to ~113 billion RMB, impacted mostly by the slowdown 1 in watches, men’s wear and leather goods; North and Northeast regions were most impacted On the mainland, shopping malls and department store traffic continued to decline while the number of outlet malls continued to grow; overseas purchase destinations shifted: Japan, Korea (except during the 2 MERS virus crisis), the eurozone and Australia grew strongly while Hong Kong and Macau shrank significantly; the Daigou market declined due to brands’ efforts to close price gaps, tightening of government controls and emerging cross-border e-commerce sales Global pricing, as a key reaction to increasing parallel channels and overseas purchases, was started by 3 Chanel and gradually adopted by several brands LFL store sales and traffic continued to decline, even among newly introduced brands, prompting store 4 closures, cautious network expansion and increased focus on revamping core store networks Growing customer digital engagement continued and brands continue to increase their digital marketing 5 budget; several brands are experimenting with online channels (brand.com or third-party platforms), but overall full-price e-commerce business for brands remains small (except for cosmetics) Customers’
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington D.C
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2019 Commission File Number: 001-38201 SECOO HOLDING LIMITED Secoo Tower Sanlitun Road A, No.3 Courtyard Building 2 Chaoyang District, Beijing 100027 The People’s Republic of China +86 10 6588-0135 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F x Form 40-F o Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):o Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):o EXHIBIT INDEX Exhibit 99.1 — Press Release 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SECOO HOLDING LIMITED By: /s/ Richard Rixue Li Name: Richard Rixue Li Title: Director and Chief Executive Officer Date: December 9, 2019 3 Exhibit 99.1 Secoo Reports Unaudited Third Quarter 2019 Results BEIJING, December 5, 2019 (GLOBE NEWSWIRE) — Secoo Holding Limited (“Secoo”, the “Company” or “We”) (NASDAQ: SECO), Asia’s largest online integrated upscale products and services platform, today announced its unaudited financial results for the third quarter ended September 30, 2019.
    [Show full text]
  • Deep Dive: Luxury E-Commerce Portals— LVMH, Alibaba and JD.Com Take on Net-A-Porter and Farfetch
    October 9, 2017 1) E-commerce still represents only a small share of total luxury Deep Dive: goods sales, but the channel is a key growth opportunity and luxury goods companies have recognized that market share gains Luxury and online sales will be their main growth drivers going forward. E-Commerce 2) We have witnessed tremendous growth among online multibrand retailers and fashion platforms such as Yoox Net-A- Portals— Porter, Farfetch, Mytheresa.com and Matchesfashion.com. Regardless of their specific business model, online pure play LVMH, Alibaba luxury goods retailers have seen robust growth in sales and other key performance indicators. and JD.com Take 3) China’s largest e-commerce retailers, Alibaba and JD.com, are fiercely competing to emerge as key shopping destinations in on Net-A-Porter China’s massive luxury goods market. This summer, Alibaba announced the launch of a Luxury Pavilion, a separate portal for and Farfetch luxury products, and JD.com invested $397 million in Farfetch. 4) LVMH has launched its own multibrand e-commerce site, too. 5) The already intense competition in the space is increasing and the market is becoming crowded with luxury goods e-commerce Deborah Weinswig sites. There is also increasing product and brand overlap in the Managing Director, different online distribution channels. FGRT [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Deborah Weinswig, Managing Director, FGRT [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 1 Copyright © 2017 The Fung Group. All rights reserved.
    [Show full text]
  • Market Research on Luxury E-Business in China
    Xin Zhang MARKET RESEARCH ON LUXURY E-BUSINESS IN CHINA MARKET RESEARCH ON LUXURY E-BUSINESS IN CHINA Xin Zhang Bachelor’s thesis Autumn 2012 Degree Program in International Business Oulu University of Applied Sciences 2 ABSTRACT Oulu University of Applied Sciences Degree programme in International Business Author: Xin Zhang Title of Bachelor’s thesis: Market Research on Luxury E-Business in China Supervisor: Ahola Helena Term and year of completion: Autumn, 2012 Number of pages: 48 Abstract The thesis aims to gain an understanding of situation of luxury goods e-market in China. Mean- while, based on commissioner's research objective, the scope of this study is particularly focus on advantage and disadvantage of luxury e-business in China, then try to scheme out an effective business model when building a luxury e-business in China. The research methods used in this thesis are desktop research and observation research. The author collected relevant data from research papers and the Internet. In addition, for the purpose of gaining a deep understanding of China's luxury e-business environment, the author inter- viewed an industry insider who is the CEO from one of case study companies in this thesis. By collecting theory knowledge and practical experience from desktop and observation researches, author is able to finish the study and research of thesis. Moreover, as a part of the commissioner, author has the ability to configure a luxury e-business model for self business. Keywords: Luxury goods, e-business, market environment, business model, China 3 TABLE OF CONTENTS ABSTRACT 3 1. INTRODUCTION 5 1.1 Background of the study 5 1.2 Objectives and limitation of the study 6 1.3 Research methodology 6 2.
    [Show full text]