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April 6, 2011 04:15 pm GMT

Kleiner Perkins Pumps $20 Million Into China's Luxury Shopping Site Xiu.com

Xiu.com, a Chinese luxury and fashion ecommerce website, this morning announced that it has raised $20 million from Kleiner Perkins Caufield & Byers (KPCB), confirming a report published last week by the Wall Street Journal.It's the shopping website operator's first round of VC funding.

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