In less than two years, Fab.com bought companies in Germany and the U.K., relocated the London employees to Berlin, and then cut more than 100 of the workers there
. The New York-based startup now wants to focus on growing its business in Asia.
That decision came this summer when the company raised $150 million
from investors such as China's Tencent Holdings at an eye-popping $1 billion valuation
. Last week, CEO Jason Goldberg announced
that Fab had raised another $10 million from the venture arm of Singapore Telecommunications.