Temple Library Network Landing NASDAQ Become China'S First Luxury Electricity Supplier

According to the world clothing shoes and hats net, Secoo Holding Limited (NASDAQ:SECO)

Officially landed on NASDAQ in September 22nd, becoming China

The first part of the electricity supplier is also self.

The first Chinese electricity supplier technology listed in the US after listing.

After the first profit in the first half of 2017, at the end of August, the temple library network submitted an application to the SEC to issue a public offering of 8 million 500 thousand shares of ADSs. The issue price range was 11.5-13.5 dollars, and the final price was $13.

60 million of the $110 million in fund-raising is for marketing and brand building, including physical activity and active user development, and another $30 million for users to expand logistics services.

At the same time, the monastery is to the cornerstone investor Country Garden Holdings Company Limited, Biguiyuan subsidiary Gold Ease Global Limited and Malaysia YTL Corporation YTL Yang Zhongli Group Holding Companies, the company's 1 million 200 thousand shares of class a common stock at a share price of $12.5 per share.

The three parties will cooperate in holiday village, Temple store experience shop, hotel operation and real estate marketing.

The temple library network IPO has been favored by the US investment industry analysts. It believes that the company's online and offline integration mode is perfect, and Chinese consumers are also the largest players in the luxury market, and the only continuous and strong purchasing power. In addition, China's luxury consumption crowd is very deep, and online penetration ranks first in the world, and the high-end online consumption power of the two or three tier cities is huge.

Donovan Jones, chief executive of VentureDeal.com, said the financial performance of the temple network was impressive, and the company was in control of the wave of China's domestic consumption growth.

According to the F1 document of temple library network, the company recorded a net profit of 52 million 344 thousand yuan (hereinafter referred to as "Yuan") in the first half of 2017, or about 7 million 722 thousand dollars.

In the first half of fiscal year 2017, the revenue of temple library network was 1 billion 346 million 700 thousand yuan, an increase of 30.4% yuan over the same period of 1 billion 33 million 100 thousand yuan in the same period last year. The period was GMV19.246 billion yuan, up 50.7% from 1 billion 276 million 500 thousand yuan a year earlier, which is obviously better than other Chinese online retailers targeting the mass market, which is also much higher than that of the luxury goods market in the same period.

By the end of June, the temple library network had 15 million 100 thousand users, with an order of 515 thousand and 300, with a price of about 3735 yuan.

Founded in 2008 by Richard Rixue Li Li Rixue, the monastery network is the only "unicorn" enterprise in China's high-end electricity supplier industry. It is also the largest Chinese luxury electric provider with the largest amount of financing so far. Its unique online and offline mode of integration, as well as the provision of identification services, all lead the way.

During the Seventh Festival this year, the company also welcomed the Dior cooperation to witness the first cooperation between top luxury goods and Chinese luxury electric providers. With the development of luxury goods in China, the company will usher in more high-end partners in the future, especially its market first position, which is expected to make the temple Library network the preferred partner for the luxury goods industry to expand its online business in China.

At the end of last month's exclusive dialogue with the no fashion Chinese network, Chen Jianhao, chief operating officer of Siji library and chief executive officer of temple library, Eric Chan, revealed that the temple library network will continue to expand its offline business, and 5 stores will be added in the coming months.

The company currently has experiential concept stores in Beijing, Shanghai, Chengdu, Hongkong and Milan.

According to F1 documents, the temple library network indicates that the company is the largest integrated luxury service platform in Asia. In 2016, GMV reached 3 billion 470 million 200 thousand yuan, an increase of 34.9% over the same period, with an income of 2 billion 593 million 800 thousand yuan, an increase of 48.8% over the same period last year.

According to Frost&Sullivan's report on Sullivan, the network is the largest player in China's high-end online retailer, with a market share of 25.3% in 2016, far exceeding the international brand Net-a-Porter and Farfetch, and the latter share was 7.9% and 6.3% respectively.

The temple library network IPO, the American investment bank Jefferies LLC and BNP Paribas Securities Corp. served as the main contractor of temple library network.

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