Itochu and Mitsubishi UFJ both exited the online flash sales company in a $14.8m purchase by internet company Mixi.

Softbank-backed e-commerce company Gilt has raised $50m in series F funding, pushing back a flotation initially expected to be launched in late 2014.

The agricultural biotechnology developer had raised $101m from investors including chemical producer BASF.

Shanghai La Chapelle Fashion will own 54% of the online women's fashion retailer once a $32m deal is completed.

The India-based e-commerce company, backed by a range of corporates including Softbank, Ebay and Intel, is set to secure $400m from new investors.