Secoo Holding Limited (Nasdaq:SECO), Asia's largest online integrated upscale products and services platform, rang the opening bell at the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Global Market.
Secoo is a consumer-focused online retail platform that offers offline experience centers to provide customer support and membership services. Secoo has built a trusted and comprehensive global supply chain for upscale products and lifestyle services that are designed to meet the diverse purchase preferences and needs of customers, varying from in-season luxury products, to highly sought-after classic styles, and to vintage and rare products. Secoo prides themselves on high quality, and applies its sophisticated authentication procedures to ensure that every product offered on its platform is authentic.
"We are excited to become listed on The Nasdaq Global Market, which marks an important milestone for everyone at Secoo," commented Mr. Richard Rixue Li, Chairman and Chief Executive Officer of Secoo Holding Limited, "China's economy is transforming and consumers are increasingly shifting their consumption preferences toward upscale products and services. With over 300,000 SKUs, covering over 3,000 global and domestic premium brands, Secoo has become Asia's largest online integrated upscale products and services platform, and is uniquely positioned to best serve Chinese consumers' growing needs. As we become a publicly-traded company, we look forward to accelerating our growth and embracing the enormous opportunities ahead of us."
"Secoo's platform brings a plethora of high-end products and services directly to their customers," said Bob McCooey, Senior Vice President and Global Head of Capital Markets, Nasdaq, "Their innovative integration of online and offline shopping platforms offers a superior customer focus. We are thrilled to work by their side as they continue to disrupt the retail space on their journey as a public company."
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