By  on August 6, 2014

SHANGHAI Chinese luxury goods retailer Secoo has just secured fresh financing of $100 million to embark on an international expansion drive.

Secoo is best known as an e-commerce player selling products like handbags and watches. It also runs a network of five Secoo Club retail stores in Shanghai, Beijing, Chengdu and Hong Kong. The company plans to extend its retail network this year, opening its first three international stores in New York, Paris and Milan to cater mainly to Chinese tourists shopping abroad.

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