BEIJING, May 12, 2021 /PRNewswire/ -- On May 7, Secoo (NASDAQ: SECO) reached and signed
the strategic partnership agreement with Hainan Province Transport
Investment Holding Company Limited and HEC at the Hainan
International Business Strategy Press Conference of Secoo Group.
Signing parties will work together on a variety of fields including
consumer finance, supply chain, bonded goods distribution, SaaS,
education and training.
At the signing ceremony, Li Rixue, founder and CEO of Secoo
Group, together with Huang Xinghai, Secretary of Party Committee
and Chairman of the Board of Hainan Province Transport
Investment Holding Company Limited and Zeng Guohua, Secretary of Party Committee and
Chairman of the Board of HEC, signed the strategic partnership
agreement. The signing parties will work hand in hand with new
projections in mind to establish specialized systems of supply
chains and bonded goods distribution in Hainan, and provide comprehensive and
specialized services of luxury goods to consumers all over the
world.
In the past few years, a lot of Chinese consumers have
transformed their shopping habits from "shopping from abroad" to
"shopping from Hainan". Hainan is gradually becoming a world-class
tourism consumption center. Statistics show that in 2020, the
revenue of Hainan Off-shore
Duty-free Shopping exceeded 30 billion. In the first two months of
2021, the sales of nine off-shore duty-free shops in Hainan have reached 8.49 billion yuan, an increase of 359%
year-on-year. The number of visitors reached 1.529 million, a
year-on-year increase of 191%. Purchases mounted to 8.0785 million
items, an increase of 216% year-on-year.
With such a track record, the partnership between Secoo and
Hainan Province Transport Investment Holding Company Limited and
HEC holds even greater potential than expected. Hainan
Province Transport Investment Holding Company Limited and HEC
are both robust partners with significant strength in their
perspective fields. Hainan Province Transport Investment Holding
Company Limited is a wholly state-owned company, of which
Hainan Provincial Department of Transportation performs as the
funder on behalf of the Hainan Provincial Government. Since its
establishment, with the goals of serving the Hainan transportation
system and Hainan Free Trade Port at its core, Hainan Province
Transport Investment Holding Company Limited has made every
effort to continuously meet the demands for funding for the
transportation infrastructure construction in Hainan by utilizing its platform advantages
and through diversified financing models. HEC, on the other hand,
is the first listed company in the national expressway industry.
Since the "13th Five-Year Plan", it has continuously accelerated
strategic transformation, by actively planning for endeavors in
industries such as investment finance, sports and health, marine
tourism, and others. It has also transformed and upgraded its real
estate projects. Since General Secretary Xi Jinping delivered his
speech on April 13th, HEC has
followed even more closely the main guideline of improving the
Hainan Free Trade Port and gradually established new sections such
as industrial real estate, quasi-financial services, as well as
sports and health.
The agreement with the two partners will accelerate the
implementation of Secoo's international business strategy to
achieve mutual benefit and common development in the new era. Li
Rixue said, "The strategic partnership with Hainan Province
Transport Investment Holding Company Limited as well as HEC is of
great significance to Secoo and is the key link of the company's
international business strategy in Hainan."Secoo will continue to deepen its
collaboration with partners throughout the whole industry chain,
establish trustworthy partnerships, and consolidate the
implementation of Secoo's international business strategy in
Hainan.
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SOURCE Secoo Group