Ping An Ventures Leads $55M Series E Round In Secoo


Beijing-based second-hand luxury products distributor and maintenance service provider Secoo Holding Limited has completed the US$55 million series E round of financing led by Ping An Ventures, the venture investment arm of Ping An Insurance (Group) Company of China, according to a company announcement.

The company says it will use the proceeds to continue enhancing its products and services, as well as marketing and promotions.

In July 2014, Secoo completed US$100 million series D financing led by China Media Capital.

Previously, Secoo received US$10 million series A from IDG Capital in 2010. In August 2013, it received tens of millions U.S. dollar series C round from IDG Capital, Ventech China, Vangoo Investment Partners and Crehol China.

Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
 
Caishen.Co - Primary Data for China Secondary Investment and Stock Markets

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