Chinese e-commerce platform Secoo has signed a strategic partnership with technology major Oracle to deploy a new office automation system.
As part of the agreement, Oracle, combined with Accenture’s management consulting service, will implement its cloud solutions for Secoo’s enterprise resource planning (ERP) and human capital management (HCM) systems.
The new system will enhance the retailer’s technical capability, operating efficiency and cross-border business management.
Secoo Group founder and CEO Li Rixue said: “Our luxury lifestyle platform serves as a one-stop shop for our more than 20 million high-end consumers around the world.
“This partnership will enhance efficient accounting processes, integrated business and financial systems, and provide unrivalled productivity, which is critical for us, while Oracle Cloud Platform, Oracle ERP Cloud, and Oracle SCM Cloud enable us to deliver a better work environment to improve our global strategy profile.”
In addition, Oracle will improve Secoo’s strategic development by deploying various kernel cutting-edge technologies, as well as establish multi-dimensional business management by leveraging artificial intelligence (AI) data analysis and intelligent operation.
Secoo, in collaboration with Oracle, will also develop more lifestyle business under its premium lifestyle platform, optimise business management processes as well as improve the shopping experience for consumers.
In July last year, private equity firm L Catterton Asia and China-based retail major JD.com announced $175m investment in Secoo to further expand the retailer’s presence in the Chinese luxury e-commerce market.
Based in China, Secoo offers a range of upscale products and lifestyle services, including more than 300,000 SKUs covering 3,000 global and domestic brands through its integrated online and offline shopping platform.