Dive Summary:

• Fab.com is reporting $150 million in additional investment from parties including Tencent Holdings, following a valuation of $1 billion, Bloomberg reports.
• The online merchant offers customers “uniquely-designed” home furnishings and accessories. Fab.com has already received $310 million from investments and is only two years old.
• “We want to design a lifestyle that’s modern, colorful and urban-inspired and bring that all over the world- to Asia next,” states CEO Jason Goldberg.

From the article:

Fab plans to raise an extra $50 million to $100 million in the next few months, said a person familiar with the matter, who asked not to be named because the information isn’t public. Deborah Roth, a company spokeswoman, declined to comment on the Fab’s plans for additional funding. Today’s announcement puts Fab’s value at about $1 billion, she said.