China’s largest luxury and high-end fashion e-commerce Secoo.com says it will use the new raised funds to expand business overseas.

Secoo.com has recently raised around US$100 million through a new round of financing led by CMC Capital Partners, with the participation of IDG Capital Partners, Ventech China, Crehol Capital (Mulliez Family Fund), and Vangoo Capital.

Secoo sells products from international brands and has set up the largest luxury identification, appraisal and maintenance service centre in the country, with offline clubs dotted across mainland China, Hong Kong and Tokyo. It is in the midst of opening more offline experience clubs in Milan, New York and Paris.

Secoo CEO Li Rixue said the funds will be used mainly in global strategic layout and overseas business expansions, as well as higher budget in marketing and developing information technology infrastructure.

The e-tailer has more than 3 million high-end members.