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9DIAMOND UNVEILS VENTURE CAPITAL AGREEMENTS

AsiaInfo Services, February, 2008

Content provided in partnership with HighBeam Research

AsiaInfo Services 02-27-2008 9Diamond Unveils Venture Capital Agreements SHANGHAI, Feb 27, 2008 (SinoCast via COMTEX) -- 9Diamond.com has reached financing agreements with Kleiner Perkins Caufield & Buyers (KPCB), Qiming Venture Partners, Zero2IPO Group, and Papaport, Shanghai-based online diamond retailer announced at a press conference on February 26. Investments from the above four companies will enable 9Diamond to obtain experience in diamond online marketing and grow into a leading diamond online sales website in China. As a leading venture capital firm in the US, KPCB has mainly invested in some well-known electric companies and e-commerce firms in recent years.

Particularly, it invested in Blue Nile, a pioneer in diamond online sales field. Thus, its...

 

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