Consumer

The deal provided exits for NetDragon, which received over $1bn in the deal, and IDG Capital Partners.

Nordstrom will invest an undisclosed amount in the online gift service, which raised $5.5m last year, as part of the partnership agreement.

The shopping app company, which raised $50m last Friday, is just one of several companies using personalisation and curation to drive increased use and monetisation.

The online clothing brand is seeking to quadruple its offline presence after closing a Nordstrom-backed series D round that took its overall funding to almost $130m.

The e-commerce company, which has received almost $80m from investors including American Express and Kering, is set to raise the funding at a $1.2bn valuation.

Shopping app Wish, which uses algorithms to learn customers' likes and dislikes to create wishlists, has raised $50m in a third round of funding.

Myntra will invest up to $1m in graduates of the incubator, which is the first to be launched by an India-based e-commerce company.

A $15m Softbank-led round has taken the online jewellery designer and distributor to $32.5m in total funding

The smart clothing company took its overall funding to $11m with a series A that included supply chain services provider Flextronics.

The Foxconn and Disney-backed high-definition camera manufacturer saw its stock rise sharply after it floated at the top of its range yesterday.