SECOO

SEC Filings

Form 20-F
SECOO HOLDING LTD filed this Form 20-F on 04/26/2018
Document Outline
Entire Document (7322.1 KB)
Subdocument 1 - 20-F - 20-F
Page 1 - UNITED STATES
Page 2 - TABLE OF CONTENTS
Page 3 - INTRODUCTION
Page 4 - FORWARD-LOOKING STATEMENTS
Page 5 - PART I.
Page 6 - Exchange Rate Information
Page 7 - C.
Page 8 - We have incurred and in the future may continue to incur net losses and negative cash flow from oper
Page 9 - If we are unable to offer products that attract new customers and new purchases from existing custom
Page 10 - We have a limited operating history with our current business model and business approach, which mak
Page 11 - Any lack of requisite approvals, licenses or permits applicable to our business may have a material
Page 12 - We may be challenged by relevant government authorities for products sold on our platform sourced fr
Page 13 - Changes in our customers, product mix and pricing strategy could cause our gross profit margin perce
Page 14 - We use third-party delivery companies to deliver our products to customers. If these couriers fail t
Page 15 - Inability to obtain additional financing on commercially reasonable terms in the future may material
Page 16 - If our senior management is unable to work together effectively or efficiently or if we lose their s
Page 17 - If we are unable to recruit, train and retain qualified personnel or sufficient workforce while cont
Page 18 - The proper functioning of our technology platform is essential to our business. Any failure to maint
Page 19 - Customer growth and activity on mobile devices depends upon effective use of mobile operating system
Page 20 - The wide variety of payment methods that we accept subjects us to third-party payment processing-rel
Page 21 - Our use of some leased properties could be challenged by third parties or government authorities, wh
Page 22 - Future strategic alliances, investments or acquisitions may have a material and adverse effect on ou
Page 23 - We may be subject to intellectual property infringement claims, which may be expensive to defend and
Page 24 - We face risks related to natural disasters, health epidemics and other outbreaks, which could signif
Page 25 - Registered public accounting firms in China, including our independent registered public accounting
Page 26 - Risks Related to Our Corporate Structure
Page 27 - We rely on contractual arrangements with our variable interest entities and their shareholders for s
Page 28 - Substantial uncertainties exist with respect to the enactment timetable, interpretation and implemen
Page 29 - Any failure by our variable interest entities or their shareholders to perform their obligations und
Page 30 - The shareholders of our variable interest entities may have potential conflicts of interest with us,
Page 31 - PRC regulation on loans to and direct investment in PRC entities by offshore holding companies and g
Page 32 - If Beijing Auction and Beijing Secoo become the subject of a bankruptcy or liquidation proceeding, w
Page 33 - Uncertainties with respect to the PRC legal system could adversely affect us.
Page 34 - Secoo.com
Page 35 - We may be required to register our operating offices outside of our registered addresses as branch o
Page 36 - Governmental control of currency conversion may limit our ability to utilize our revenues effectivel
Page 37 - The M A Rules and certain other PRC regulations establish complex procedures for some acquisitions o
Page 38 - Any failure to comply with PRC regulations regarding the registration requirements for employee stoc
Page 39 - If we are classified as a PRC resident enterprise for PRC income tax purposes, such classification c
Page 40 - The enforcement of the PRC Labor Contract Law and other labor-related regulations in the PRC may adv
Page 41 - Risks Related to our American Depositary Shares
Page 42 - If securities or industry analysts do not publish research or publish inaccurate or unfavorable rese
Page 43 - Except in limited circumstances, the depositary for our ADSs will give us a discretionary proxy to v
Page 44 - You may be subject to limitations on transfer of your ADSs.
Page 45 - As a company incorporated in the Cayman Islands, we will be permitted to adopt certain home country
Page 46 - Passive Foreign Investment Company Rules
Page 47 - B.
Page 48 - Our Business Model
Page 49 - Sales Functionalities
Page 50 - Omni-Channel Commerce Solutions
Page 51 - Membership Program
Page 52 - General Pricing Policy
Page 53 - Authentication.
Page 54 - Suppliers
Page 55 - Product Selection
Page 56 - Technology
Page 57 - Intellectual Property
Page 58 - Employees
Page 59 - Foreign Investment in Value-Added Telecommunications Businesses.
Page 60 - Licenses and Permits
Page 61 - Publication Operation Permit.
Page 62 - Regulations Relating to Product Quality and Consumer Protection
Page 63 - Regulations Relating to Pricing
Page 64 - Regulation on Leasing
Page 65 - Software Copyrights.
Page 66 - N/A
Page 67 - Regulations Relating to Foreign Exchange
Page 68 - SAFE Regulations on Employee Stock Incentive Plan
Page 69 - C.
Page 70 - Agreements that provide us with effective control over Beijing Secoo and Beijing Auction
Page 71 - Powers of Attorney.
Page 72 - Exclusive Option Agreement to Purchase Intellectual Properties.
Page 73 - ITEM 4A.
Page 74 - Net Revenues
Page 75 - Cost of revenues
Page 76 - Fulfillment expenses.
Page 77 - Interest expense, net.
Page 78 - Critical Accounting Policies and Estimates
Page 79 - Revenue Recognition
Page 80 - Marketplace and other services
Page 81 - Comparable companies
Page 82 - Income taxes
Page 83 - Year Ended December 31, 2017 Compared to Year Ended December 31, 2016
Page 84 - Gross profit
Page 85 - Foreign currency exchange (losses)/gains.
Page 86 - Technology and content development expenses.
Page 87 - N/A
Page 88 - Operating activities
Page 89 - Investing activities
Page 90 - C.
Page 91 - Intellectual Property
Page 92 - N/A
Page 93 - ITEM 6.
Page 94 - Mr. Le Yu
Page 95 - Mr. Eric Chan
Page 96 - 2017 Employee Stock Incentive Plan
Page 97 - C.
Page 98 - Nominating and Corporate Governance Committee.
Page 99 - Terms of Directors and Officers
Page 100 - N/A
Page 101 - ITEM 7.
Page 102 - Contractual Arrangements with Our Variable Interest Entities and Their Shareholders
Page 103 - B.
Page 104 - D.
Page 105 - Redemption, Repurchase and Surrender of Ordinary Shares.
Page 106 - Hong Kong
Page 107 - United States Federal Income Tax Considerations
Page 108 - Passive Foreign Investment Company Considerations
Page 109 - Sale or Other Taxable Disposition of our ADSs or Ordinary Shares
Page 110 - N/A
Page 111 - F.
Page 112 - ITEM 11.
Page 113 - D.
Page 114 - N/A
Page 115 - PART II.
Page 116 - Management s Report on Internal Control over Financial Reporting
Page 117 - ITEM 16C.
Page 118 - PART III.
Page 119 - N/A
Page 120 - SIGNATURES
Page 121 - SECOO HOLDING LIMITED
Page 122 - Report of Independent Registered Public Accounting Firm
Page 123 - SECOO HOLDING LIMITED
Page 124 - SECOO HOLDING LIMITED
Page 125 - SECOO HOLDING LIMITED
Page 126 - SECOO HOLDING LIMITED
Page 127 - SECOO HOLDING LIMITED
Page 128 - SECOO HOLDING LIMITED
Page 129 - SECOO HOLDING LIMITED
Page 130 - SECOO HOLDING LIMITED
Page 131 - SECOO HOLDING LIMITED
Page 132 - SECOO HOLDING LIMITED
Page 133 - SECOO HOLDING LIMITED
Page 134 - SECOO HOLDING LIMITED
Page 135 - SECOO HOLDING LIMITED
Page 136 - SECOO HOLDING LIMITED
Page 137 - SECOO HOLDING LIMITED
Page 138 - SECOO HOLDING LIMITED
Page 139 - SECOO HOLDING LIMITED
Page 140 - SECOO HOLDING LIMITED
Page 141 - SECOO HOLDING LIMITED
Page 142 - SECOO HOLDING LIMITED
Page 143 - SECOO HOLDING LIMITED
Page 144 - SECOO HOLDING LIMITED
Page 145 - SECOO HOLDING LIMITED
Page 146 - SECOO HOLDING LIMITED
Page 147 - SECOO HOLDING LIMITED
Page 148 - SECOO HOLDING LIMITED
Page 149 - SECOO HOLDING LIMITED
Page 150 - SECOO HOLDING LIMITED
Page 151 - SECOO HOLDING LIMITED
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Page 156 - SECOO HOLDING LIMITED
Page 157 - SECOO HOLDING LIMITED
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Page 172 - SECOO HOLDING LIMITED
Page 173 - SECOO HOLDING LIMITED
Page 174 - SECOO HOLDING LIMITED
Page 175 - SECOO HOLDING LIMITED
Page 176 - SECOO HOLDING LIMITED
Page 177 - SECOO HOLDING LIMITED
Page 178 - SECOO HOLDING LIMITED
Subdocument 2 - EX-4.17 - EX-4.17
Page 1 - Exhibit 4.17
Page 2 - Article 3 Loan Period
Page 3 - (ii)
Page 4 - N/A
Page 5 - Article 8 Guarantee of the Loan
Page 6 - Article 10 Rights and Obligations of Party A
Page 7 - N/A
Page 8 - Article 11 Rights and Obligations of Party B
Page 9 - N/A
Page 10 - Article 13 Continuity of Obligations
Page 11 - Article 17 Other Matters Agreed by the Parties
Page 12 - N/A
Page 13 - N/A
Page 14 - Schedule
Subdocument 3 - EX-4.18 - EX-4.18
Page 1 - Exhibit 4.18
Page 2 - Article 4 Amendment of Principal Contract
Page 3 - Article 7 Additional Collateral
Page 4 - five
Page 5 - Appendix to
Page 6 - Article 2 Coverage of Pledge Guarantee
Page 7 - Article 5 Cashing out of the Deposit Certificate
Page 8 - Article 9 Miscellaneous
Page 9 - Article 10 Effectiveness of Agreement
Page 10 - National Trust
Page 11 - Article 4 Amendment of Principal Contract
Page 12 - Article 7 Additional Collateral
Page 13 - Room 1503, Building C, Galaxy SOHO, Chaonei Street, Dongcheng District, Beijing
Page 14 - Appendix to
Page 15 - Confirmation of certificate of term deposit:
Page 16 - Article 5 Cashing out of the Deposit Certificate
Page 17 - five
Page 18 - Article 10 Effectiveness of Agreement
Page 19 - National Trust
Page 20 - Article 4 Amendment of Principal Contract
Page 21 - Article 7 Additional Collateral
Page 22 - Article 10 Effectiveness of Agreement
Page 23 - Appendix to
Subdocument 4 - EX-8.1 - EX-8.1
Page 1 - Exhibit 8.1
Subdocument 5 - EX-12.1 - EX-12.1
Page 1 - Exhibit 12.1
Subdocument 6 - EX-12.2 - EX-12.2
Page 1 - Exhibit 12.2
Subdocument 7 - EX-13.1 - EX-13.1
Page 1 - Exhibit 13.1
Subdocument 8 - EX-13.2 - EX-13.2
Page 1 - Exhibit 13.2
Subdocument 9 - EX-15.1 - EX-15.1
Page 1 - Exhibit 15.1
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