March 6, Secoo reached a strategic partnership with U-Tour Travel to in-depth develops the tourism industry. Through this cooperation, two companies will take each other’s advantages in luxury and tourism area, improve offline and online operation efficiency and expand more shopping scenarios.
With the background of continuous economy development and increasing consumption, China faces a ‘Consumption Upgrade’ that individuals have a preference to spend more budget on leisure. Travel market will boost an outbreak in recent years. Satisfying consumers’ raising demands and fulfilling their desires for a better living experience will become a crucial part of national consumption trend in China.
The partnership between U-Tour and Secoo will start from Japan travel. U-Tour provides tourists and travel package and Secoo offers products services. There are plenty of shopping malls and second-hand shops, cooperating with Secoo. In this case, Secoo could ensure the authentication of products, which consumers buy from these places. Moreover, consumers have a privilege to pay through Secoo Finance, using Secoo’s installment with zero-interest. In addition, Secoo eases the return and refund process, consumers can deliver to Secoo directly and get the refund if they do not want to keep the item after they come back to China.
Japan travel is the first attempt for both companies to enhance overseas travel business for Chinese. Secoo also tries to utilize this cooperation to discover luxury market and accumulate more high-end consumers.
As Asia’s largest premium lifestyle platform listed in NASDAQ on Sept.22nd, 2017, Secoo now has become the number one market share premium online retailer in China, as well as in Asia (25.3%/15.4%, according to world-renowned research institute Frost & Sullivan.) Established in 2008, the platform together with Secoo experience centers in prime locations in Beijing, Shanghai, Chengdu, Qingdao, Tianjin, Hong Kong, Milan, and Malaysia, Secoo committed to providing a one-stop life solution for more than 20 million high-end consumers around the world.
Secoo has established itself as the world’s premier lifestyle destination, offering incredible merchandises from over 300,000 of the world’s most coveted products, including bags, watches, fashion, travel, gourmets, artcrafts, luxury cars and private planes. Partnering with more than 3,000 luxury brands, Secoo was authorized by many globally renowned brands to bring the most unparalleled services to customers.
Secoo has a holistic Business Ecosystem, including Secoo Luxe, Secoo Finance, many Secoo lifestyle businesses. Meanwhile, Secoo owns the one of largest luxury authentication teams and the largest database of authentication in China.
This year is the beginning of Secoo’s second decade, Secoo eagers to reach high-end consumers more precisely and satisfy their leisure demands. The thrilling partnership between Secoo and UTour would build up a solid customer base, fantastic product offering, and exceptional services globally, and deliver everything required to achieve the best digital luxury experience for Secoo customers.