By  on December 6, 2017

LONDON — The virtual world has cast its spell on Adrian Cheng, the billionaire entrepreneur who has taken a “significant” stake in Moda Operandi as part of his quest to acquire digital lifestyle brands and platforms that speak specifically to Millennials and Gen Z.

Cheng took the stake through two of his vehicles, K11 Investment and C Ventures, the latter of which was unveiled here in October. Apax Digital has also taken part in the $165 million investment, which Moda will use to expand its international business, with a particular focus on the Asian and Middle Eastern markets.

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