Warburg Pincus, KPCB inject $100m in Chinese fashion retail site
Warburg Pincus and Kleiner Perkins Caufield & Byers (KPCB) will jointly invest $100 million in Xiu.com, a Chinese e-commerce fashion site, Bloomberg reported, citing an emailed statement sent by the company.
KPCB also invested $20 million in the company in March. Shenzhen-based Xiu.com, which launched in 2008, claims to be China's leading e-commerce site for luxury goods, offering discounts on products from...
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