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August 18, 2011 05:31 pm GMT
Kleiner Perkins China (KPCB China) and private equity firm Warburg Pincus have put $100 million in Chinese online retailer Xiu.com. The company just raised $20 million from Kleiner earlier this year. Xiu.com was founded in March 2008, and offers middle-to-luxury brand name fashion products - clothing, shoes, bags, accessories, cosmetics and home decor - to China's middle class. The company boasts 10 buyer offices in New York, Los Angeles, Miami, Australia, Paris, London, Italy, Korea, Hong Kong and Japan.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zKDZZAicA_s/
Kleiner Perkins And Warburg Pincus Put $100M Into Chinese Luxury Shopping Site Xiu.com
Kleiner Perkins China (KPCB China) and private equity firm Warburg Pincus have put $100 million in Chinese online retailer Xiu.com. The company just raised $20 million from Kleiner earlier this year. Xiu.com was founded in March 2008, and offers middle-to-luxury brand name fashion products - clothing, shoes, bags, accessories, cosmetics and home decor - to China's middle class. The company boasts 10 buyer offices in New York, Los Angeles, Miami, Australia, Paris, London, Italy, Korea, Hong Kong and Japan.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zKDZZAicA_s/
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