Xiu.com raises $20 million in venture capital funding

04/6/2011 | TechCrunch

Chinese luxury and fashion retail site Xiu.com confirmed that it received an investment from Kleiner Perkins Caufield & Byers in the merchant's first round of venture capital funding. "We were inspired by many successful B2C fashion websites in [the U.S.] and Europe, and compared with them, we still have at least 1,000% growth potential in China," said Xiu.com founder George (Wenhong) Ji.

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