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Why is Secoo Holding Limited (SECO) stock climbing high?

Secoo Holding Limited (SECO) experienced an incline of 12.05% in aftermarket. However, the last trading session closed at $0.473 with a decline of 6.06%.

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Hainan International Business Strategy – More About it

On 14th May 2021, it was announced that SECO attended the first China International Consumer Products Expo. The Consumer Expo brings together the global consumer sector’s resources to build a global exhibition and trade platform for worldwide quality consumer goods, with a focus on presenting Hainan as the international tourist and consumption hub. Moreover, SECO displayed five modules at the exhibition, along with a bonded port area for luxury goods in Hainan, brand partnership, advanced manufacturing, aesthetic education, and heritage tourism.

Partnership Framework Agreement – Latest Updates

SECO announced on 12th May 2021 that they have signed a strategic collaboration agreement with Hainan Province Transport Investment Holding Company Limited and HEC. The participants will collaborate on the areas such as consumer finance, distribution network, bonded goods delivery, SaaS, education, and training. Both parties will work together with new objectives in mind to create specialized supply chains and bonded products distribution networks in Hainan, as well as advanced materials and specialized luxury products and solutions to consumers throughout the world.

Now what?

With a track record like this, the collaboration between SECO and Hainan Province Transport Investment Holding Company Limited and HEC has even more possibilities than anticipated. In addition, HEC and Hainan Province Transport Investment Holding Company Limited are both strong partners in their respective sectors. The Hainan Province Transport Investment Holding Company Limited is a 100% state-owned corporation, with the Hainan Provincial Department of Transportation acting as the financier on behalf of the Hainan Provincial Government. Moreover, Hainan Province Transport Investment Holding Company Limited has made every attempt to fulfill the requirements for financing for public transit infrastructure construction in Hainan. This is done by utilizing its platform benefits as well as through diversification financing projects since its inception.

Secoo’s strategic cooperation with Hainan Province Transport Investment Holding Firm Limited, as well as HEC, is extremely important to the company and serves as an essential connection in its international business plan in Hainan. SECO will continue to extend its engagement with partners throughout the whole industrial chain, from trustworthy alliances, and reinforce SECO’s worldwide business plan execution in Hainan.

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