China’s Tencent invests in US e-commerce site Fab.com

Wed, Jun 26, 2013: Fab.com has received a new round of funding worth US$150 million (RM483.18 million) from Tencent Holdings, Itochu Corporation, Atomico and Aridreessen Horowitz to help its expansion in Asia especially Chinese market, the Inside Retail Asia reported.

Fab.com is a US-based e-commerce platform that allows users to discover design products at great prices. According to online sources, Fab.com currently has more than 10 million registered users with 6 million unique visitors per month and sold over 7 million products since its launch in June 2011.

Author: VSDaily Editor

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