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Benzinga
Benzinga
Business
The Bamboo Works

Secoo's Online Luxury Dream Ends in Bankruptcy, Sea of Discontent

Luxury Nasdaq Alibaba China Covid-19 e-commerce IPO Prada

Key Takeaways:

  • Online luxury goods reseller Secoo has filed for bankruptcy after its business stumbled under Covid-related disruptions and internal missteps
  • Company’s Nasdaq-listed shares now trade at around $0.24, a fraction of the $13 they sold for in better times at its 2017 IPO
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