Secoo Announces Strategic Partnership with JD

Secoo Holding Limited (“Secoo” or the “Company”) (NASDAQ: SECO), Asia's largest online integrated upscale products and services platform, today announced that it has entered into a business cooperation agreement with (“JD”), China’s largest retailer by revenue, to establish a strategic partnership. Through the partnership, JD and Secoo will leverage their respective resources and expertise to explore opportunities for collaboration and synergy in a range of areas, including, among others, user growth and traffic flow, partnerships with luxury brands, omnichannel retail initiatives, Internet finance, logistics and procurement.

“We’re excited about the partnership opportunities with JD,” said Richard Li, Chairman and Chief Executive Officer of Secoo. “JD is China’s largest retailer and the leading e-commerce giant in China, and Secoo is one of the leaders in luxury e-commerce in China. We are confident of the synergy that JD and Secoo are going to create through this partnership. We look forward to collaborating with JD in a variety of luxury e-commerce initiatives to optimize our operating efficiencies, accelerate our user base and traffic growth, and strenghthen our premium customer experience.”

About Secoo Holding Limited
Secoo Holding Limited (“Secoo”) is Asia’s largest online integrated upscale products and services platform as measured by GMV in 2016. Secoo provides customers a wide selection of authentic upscale products and lifestyle services on the Company’s integrated online and offline shopping platform which consists of the website, mobile applications and offline experience centers, offering over 300,000 SKUs, covering over 3,000 global and domestic brands. Supported by the Company’s proprietary database of upscale products, authentication procedures and brand cooperation, Secoo is able to ensure the authenticity and quality of every product offered on its platform.

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