Comment on Alibaba Reportedly Acquiring Social Shopping Service Mogujie for $200 million by This social-shopping startup is now a billion-dollar company with $200M in the bank | Tech Auntie

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Alibaba Group reportedly is near acquiring Mogujie, a Pinterest-style social shopping service for $200 million. Launched in February 2011, it would become one of the two largest social shopping sites in China. Almost all social shopping services are depending on Alibaba as a majority of items for those sites to index are from Taobao and Tmall. From then on a handful of social shopping or online shopping sharing services were released by different divisions of the company. Most recently it opened up the social shopping platform for everyone to set up a Pinterest-like service there.