Online e-commerce platform Secoo announced at a press conference that it has entered into a partnership agreement with Hainan Province Transport Investment Holding Company Limited and HEC. The companies will work together on consumer credit, supply chain and bonded goods distribution. The aim is to provide comprehensive and specialised luxury goods services to customers around the world.
In recent years, Chinese customers have been consuming less and less abroad, especially in Hainan. “Statistics show that in 2020, Hainan’s overseas duty-free shopping revenue exceeded 30 billion. In the first two months of 2021, the sales of nine offshore duty-free shops in Hainan reached 8.49 billion yuan, an increase of 359% year-on-year. The number of visitors reached 1.529 million, an increase of 191% year-on-year. Purchases reached 8.0785 million items, an increase of 216% year-on-year,” Secoo Group said.
Hainan Province Transport Investment Holding Company Limited, a transportation infrastructure construction service company, provides toll highway construction, bridge construction, municipal public infrastructure construction and other related services. Hainan Province Transport Investment Holding also operates real estate development activities.
This partnership will accelerate the implementation of Secoo’s international business strategy, with the aim of benefiting both companies.
“The strategic partnership with Hainan Province Transport Investment Holding Company Limited and HEC is of great importance to Secoo and is the key link in the company’s international business strategy in Hainan,” commented the Secoo Group.
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Featured Photo : © Secoo
