By
with contributions from Nyima Pratten
 on July 9, 2018

BEIJING — JD.com and LVMH-backed private equity fund L Catterton Asia are to invest $175 million into Secoo, the largest online platform for upscale products in China, the three companies said Monday.

The investment will allow Secoo, which listed on the Nasdaq last September, to strengthen its leading position in the rapidly growing Chinese luxury e-commerce market, the companies said — and they hinted at more global ambitions.

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