Intel Capital, the investment arm of the world’s biggest chip maker, has invested in two Brazilian fashion e-commerce sites Coquelux and Fashion.me. The move shows that the investment craze around online shopping has moved to the emerging markets of the world, where big audiences await. Brazil is the third-largest PC market in the world and Intel wants to expand it for its own self-interest.

Coquelux is an online shopping club that gives members exclusive access to flash events where they can buy premium and luxury goods at a discount. Fashion.me is a social e-commerce platform where users create custom looks from more than two million labels and share them in the Fashion.me network.

Read the complete article here.

Source: Venture Beat