As well as a unicorn in the field of Internet + luxury consumption. Secoo has always implemented the online Internet model to create revenue. And the offline brick-and-mortar store model to satisfy the user experience.

As well as to the financial report released by Secoo in the third quarter of 2019. The total revenue was 1.9416 billion yuan (about 271.6 million US dollars). A year-on-year increase of 23.5%, exceeding market expectations of 241.41 million US dollars; net profit was 62.1 million yuan ( (approximately US$8.7 million). An increase of 38.3% year-on-year; As well as surge in orders has led to a rapid increase in total revenue and achieved 13 consecutive quarters of continuous profitability.

Industry analysis

As well as goods are defined internationally as “a kind of consumer goods with unique, scarce, rare and other characteristics beyond the scope of people’s survival and development needs. Also known as non-necessities of life. Mainly include high-end Thailand Phone Number clothing, jewelry, luxury yachts, private jets, etc.

As well as far, Chinese luxury goods consumption overseas has been the world’s first. The strong spending power of the Chinese people has increased the confidence of many international luxury brands in the Chinese market. That’s why the luxury industry is a promising seed industry.

 Politics level

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As well as to the “13th Five-Year Plan for the Development of the Internet + Luxury Industry” issued by the central government. It is proposed to increase the penetration rate of the Internet luxury industry. Which is expected to increase by 30% in 2020.

As well asthe continuous improvement of people’s consumption level. The government report of the State Council pointed out that the deep integration of the luxury industry and the Internet will play an important role in the improvement of people’s quality of life.

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