MOGU Announces Strategic Investment in AI Infrastructure Company

Group 1 - MOGU Inc. announced the acquisition of less than 1% of the registered capital in a China-based artificial intelligence infrastructure technology company for a total consideration of RMB 0.1 billion (approximately US$14.2 million) [1] - The acquisition is made through MOGU's indirect wholly owned subsidiary, Hangzhou Shiqu Information and Technology Co., Ltd. [1] - MOGU is positioned as a KOL-driven online fashion and lifestyle destination in China, enhancing its market presence through strategic investments [1][3] Group 2 - MOGU provides a platform that connects merchants, KOLs, and users, facilitating a comprehensive online shopping experience [3] - The company aims to create a vibrant community for users to discover and share the latest fashion trends [3] - MOGU's platform serves as a valuable marketing channel for merchants and a powerful incubator for KOLs [3]