Fab is now worth a cool $1 billion.
Dubbed the world's design store, Fab is an online retailer that sells all kinds of specialty products, from clothes to jewelry to furniture to food. The site boasts a Happy Feet shop where consumers can pick up stylish shoes and socks and a True Blood shop where fans of the vampirish HBO series can buy books, perfume, and even fangs to celebrate the show.
Chinese Internet site Tencent Holdings clearly sees something unique in Fab as it has just kicked in $150 million in financing and will appoint a director to Fab's board. … Read more