U.S. private equity firm Warburg Pincus and venture capital firm Kleiner Perkins Caufield & Byers (KPCB) will together inject $100 million in Xiu.com, Reuters reports. The recent investment will be the second round of funds raised by Xiu.com.
KPCB also invested $20 million in March in the company. Xiu.com is a Chinese e-commerce company retailing fashion brands, including Louis Vuitton, Coach and Chanel.
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