Perspectives
China’s largest fashion E-Tailer Xiu.com raised a $100 million worth of joint funds from US private equity fund Warburg Pincus and venture capital KPCB China the online retailer announced Wednesday. This marks the largest B round money raised among Chinese e-commerce industry in history and secured Xiu.com the top player position in China’s fashion e-commerce.
This is the second round fund raising for Xiu.com this year, after it won $20 million from venture capital KPCB, around 145 days ago. This time the fund was mainly invested by Warburg Pincus and jointly followed by KPCB.