4 New Catalysts For Secoo Ltd.
On Oct. 11, Chinese luxury e-tailer Secoo (NASDAQ: SECO) hit an all-time low of $6.61 per share, representing a near-50% discount from its IPO price of $13. The stock subsequently rebounded 25%, but shell-shocked investors likely expect that rally to fizzle out.
However, IDG Capital, which holds an 18.5% stake in Secoo, recently announced that it had no plans to sell its shares because the company had "just started out." In a recent interview with SINA, IDG Capital Partner Jeacy Yan discussed four key catalysts which could help Secoo's stock recover over the long term.
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Source: Fool.com
