VENTURE CAPITAL POST

As they open their first Old Navy store in China, Gap Inc will be increasing its efforts to promote their brand online so it can capitalize on the country's fast-growing e-commerce sector, Reuters reported.

Limiting conditions like poor infrastructure and the lack of convenient payment systems have not prevented the e-commerce industry from burgeoning in Indonesia, the Financial Times reported.

Sellvana, an open source e-commerce software developer based in Portland, Oregon, has received $5 million for its seed funding round from unnamed New York investors, VentureBeat reported.

Private equity and venture capital investors are exhibiting renewed interest in India's online retail space, a segment considered as an investment bubbly early last year, Mumbai-based online website dna reported.

Jeff Jordan, a partner at Andreessen Horowitz, says the structural shift from physical to digital retail is happening more quickly than what he had previously imagined.

German startup accelerator Rocket Internet raised USD112 million in new funding for online fashion retailers Zalora and The Iconic, making it the biggest single investment made for an e-commerce company in the Asian Pacific region.

TJ Maxx and its rival Off Fifth planned to launch an online store this year that was expected to boost the sales of the business.

H&M finally launched its online store after its 13-year stay in the country.

WineDirect and Vintank would merge to increase revenues through social media and commerce.

Former HSN CEO Mark Bozek and co-founder Russell Nuce announce the launch of the new e-commerce platform EVINE.com. The site will sell exclusive products available only on EVINE.