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9Diamond Lands USD 10 mln VC Funding

China Securities Journal, 2/27/08

Online diamond retailer 9Diamond has announced today that it has landed over USD 10 mln in venture capital from Kleiner Perkins Caufield & Byers (KPCB), Qiming Venture Partners, Zero2IPO, and US-based online diamond trade firm Rapaport. The company added that, when the time is right, it will pursue a domestic IPO.

9Diamond was established in March 2005 and has achieved compound growth of 300% over the past three years. Products sold by the company are 30% - 70% below the average market price.

Keywords: 9Diamond VC funding KPCB Rapaport IPO e-commerce Internet Zero2IPO

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