Xiu.com
 | |
Type of site | B2C |
|---|---|
| Available in | Chinese |
| URL | www |
| Commercial | Yes |
| Launched | March 2008 |
| Current status | Active |
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.
Prior to founding Xiu.com, Ji Wenhong had graduated from the University of International Business and Economics in 1992; he had then worked in the city of Shenzhen as an exporter.[2]
History
In April 2011, KPCB invested $20 million in Xiu.com.[3][4]
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.[5]
In November 2012, eBay announced it was partnering with Xiu.com to create eBay Styles (at ebay.xiu.com), which would provide online shopping to Chinese customers.[6]
In May 2016, founder Ji Wenhong fled to Indonesia, and Interpol issued a red notice for him.[7] He was accused of smuggling 438 million yuan worth of designer clothing by buying it from Europe and the United States, shipping it to Hong Kong, and then transporting it via travellers' baggage to Mainland China.[8] On 4 August 2017, the Indonesian police captured Ji in Bali province.[9] He was then extradited to China via Xiamen Airport on 16 August so he could stand trial.[9]
References
- ↑ "走秀网:打造时尚购物网店第一品牌". 2010-06-07. Retrieved 2011-08-08.
- ↑ "Chief's self-styled approach pays off[1]- Chinadaily.com.cn". www.chinadaily.com.cn. Retrieved 2026-08-12.
- ↑ "KPCB Invests in China's No.1 Fashion E-commerce Site: XIU.com". Yahoo! Finance. 2011-04-06. Retrieved 2011-04-15.
- ↑ "Kleiner Perkins Pumps $20 Million Into China's Luxury Shopping Site Xiu.com". techcrunch.com. 2011-04-06. Retrieved 2011-04-15.
- ↑ "Warburg Pincus and KPCB China Pumps $100M to Chinese E-Tailer Xiu.com". prnewswire.com.com. 2011-08-18. Retrieved 2011-08-28.
- ↑ "eBay Joins with Xiu.com on Global Style for China". eBay Inc. 2012-11-12. Retrieved 2026-08-12.
- ↑ "Chinese online retailer selling luxury goods reportedly arrested on smuggling charges". CNBC. 2017-08-21. Retrieved 2026-08-12.
- ↑ "China Accuses Luxury E-retailer of Smuggling". The Business of Fashion. 2017-08-21. Retrieved 2026-08-12.
- 1 2 Zhang, Yan (21 August 2017). "Smuggling suspect returned to China". www.chinadaily.com.cn. Retrieved 2026-08-12.
External links
- Official website Archived 2021-02-25 at the Wayback Machine (in Chinese)