Comment on Social Shopping Platform Mogujie Raises $200 million Funding at a Valuation of $1 billion by BAI Launches Angel Investment Arm BetaFund to Foster Early-stage Startups - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-06-06 00:00:00

Mogujie, Chinese social shopping platform, announced today US$200 million in Series D funding from a group of investors including Hopu Fund, TBP Capital, Qiming Venture Partners, IDG Capital Partners, and Banyan Fund. It’s unknown whether the reported acquisition talks with Alibaba Group were called off, or it’s just a false rumor. Starting as a Pinterest-style social sharing site in 2011, Mogujie claims it has had 80 million users, with 35 million being monthly active on mobile. At the end of 2013 it launched Youdian platform for retailers to sell goods directly to its users, thus becoming a marketplace. So it’s reasonable for Alibaba to hate Mogujie and its peers or acquire one of the biggest.