Secoo has achieved the Partnership Framework Arrangement with Hainan Province Transport Financial investment Keeping Enterprise Confined and HEC on Source Chain and Bonded Products Distribution

At the signing ceremony, Li Rixue, founder and CEO of Secoo Group, alongside one another with Huang Xinghai, Secretary of Occasion Committee and Chairman of the Board of Hainan Province Transportation Expense Keeping Enterprise Limited and Zeng Guohua, Secretary of Bash Committee and Chairman of the Board of HEC, signed the strategic partnership agreement. The signing functions will perform hand in hand with new projections in brain to set up specialized systems of supply chains and bonded merchandise distribution in Hainan, and give detailed and specialized solutions of luxurious merchandise to buyers all in excess of the globe.

In the earlier several yrs, a whole lot of Chinese shoppers have remodeled their shopping practices from “shopping from overseas” to “shopping from Hainan”. Hainan is progressively turning out to be a entire world-class tourism intake middle. Studies demonstrate that in 2020, the earnings of Hainan Off-shore Responsibility-totally free Browsing exceeded 30 billion. In the very first two months of 2021, the product sales of 9 off-shore duty-cost-free outlets in Hainan have arrived at 8.49 billion yuan, an enhance of 359% year-on-12 months. The selection of readers achieved 1.529 million, a year-on-yr maximize of 191%. Purchases mounted to 8.0785 million things, an enhance of 216% calendar year-on-yr.

With these kinds of a track document, the partnership concerning Secoo and Hainan Province Transportation Expense Keeping Business Limited and HEC holds even better potential than envisioned. Hainan Province Transport Expenditure Keeping Firm Limited and HEC are equally sturdy partners with major energy in their point of view fields. Hainan Province Transport Financial investment Holding Firm Limited is a wholly point out-owned organization, of which Hainan Provincial Division of Transportation performs as the funder on behalf of the Hainan Provincial Federal government. Considering the fact that its institution, with the plans of serving the Hainan transportation procedure and Hainan Free Trade Port at its core, Hainan Province Transportation Financial commitment Holding Organization Limited has manufactured every exertion to continuously meet up with the requires for funding for the transportation infrastructure development in Hainan by using its system advantages and by diversified financing products. HEC, on the other hand, is the to start with stated company in the countrywide expressway market. Given that the “13th Five-Calendar year Plan”, it has consistently accelerated strategic transformation, by actively arranging for endeavors in industries such as expense finance, sporting activities and health, maritime tourism, and other people. It has also transformed and upgraded its genuine estate tasks. Considering that Typical Secretary Xi Jinping shipped his speech on April 13th, HEC has adopted even more carefully the key guideline of enhancing the Hainan No cost Trade Port and step by step proven new sections such as industrial actual estate, quasi-economic expert services, as properly as sports and overall health.

The settlement with the two partners will accelerate the implementation of Secoo’s intercontinental business enterprise strategy to accomplish mutual profit and typical improvement in the new era. Li Rixue stated, “The strategic partnership with Hainan Province Transport Expenditure Keeping Corporation Limited as very well as HEC is of fantastic significance to Secoo and is the crucial url of the company’s global organization technique in Hainan.”Secoo will carry on to deepen its collaboration with partners throughout the total industry chain, set up reputable partnerships, and consolidate the implementation of Secoo’s international small business approach in Hainan.

Supply Secoo Group