Secoo deal underlines China's growing luxury appeal

L Catterton Asia, together with JD.com, is taking a substantial stake in the high-end online platform and sees many opportunities to leverage its other luxury brands, its chairman explains.

'Tuhao' is the Mandarin slang for it – China's nouveau riche – and below them are the tens of millions of people who make up the country's expanding middle classes; together they encapsulate the burgeoning spending power catalysing the rise of high-end online retailers in China.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media