Xiu

For the river in the Jiangxi province, see Xiushui River.
Xiu
Type of site
B2C
Available inChinese
URLwww.xiu.com
CommercialYes
LaunchedMarch 2008; 16 years ago (2008-03)
Current statusActive

Xiu (simplified Chinese: 走秀网; traditional Chinese: 走秀網; pinyin: zǒuxiùwǎng) is a Chinese language on-line shopping vertical, e-commerce company that operates in the People's Republic of China. Xiu was founded by Ji Wenhong (George Ji) and Jin Huang in March 2008. Xiu.com sells middle to luxury brand name fashion products including shoes, bags, ornaments, cosmetics and home decor.[1] Xiu.com has buyer offices in New York City, Los Angeles, Miami, Australia, Paris, London, Italy, Korea, Hong Kong and Japan.

Funding and investments

In April 2011, KPCB invested $20 million in Xiu.com.[2][3]

In August 2011, xiu.com raised $100 million in joint funding from US private equity fund Warburg Pincus and venture capitalist KPCB. This was the largest B round money raised in the Chinese e-commerce industry and secured Xiu.com the top position in China's e-commerce fashion industry.[4]

References

  1. ^ "走秀网:打造时尚购物网店第一品牌". 2010-06-07. Retrieved 2011-08-08.
  2. ^ "KPCB Invests in China's No.1 Fashion E-commerce Site: XIU.com". Yahoo! Finance. 2011-04-06. Retrieved 2011-04-15.
  3. ^ "Kleiner Perkins Pumps $20 Million Into China's Luxury Shopping Site Xiu.com". techcrunch.com. 2011-04-06. Retrieved 2011-04-15.
  4. ^ "Warburg Pincus and KPCB China Pumps $100M to Chinese E-Tailer Xiu.com". prnewswire.com.com. 2011-08-18. Retrieved 2011-08-28.


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