Fab is now worth a cool $1 billion.
Self-dubbed the world's design store, Fab is an online retailer that sells quirky products, ranging from clothes to jewelry to furniture to food. Its "True Blood" shop, for example, allows fans of the HBO series to buy books, perfume, and even fangs to celebrate the show.
A conglomerate led by Chinese Internet site Tencent Holdings clearly sees something in Fab. The conglomerate has kicked in $150 million in financing, with Tencent getting a spot on Fab's board. Fab is now worth more than $1 billion -- not even … Read more