Meilishuo news and archive

Chinese fashion technology platform Meilishuo preparing 4 billion dollars IPO

Chinese online fashion retailer Meilishuo, backed by Tencent Holdings, is reported to be in talks with several investment banks to launch an initial public offering of shares (IPO) in the U.S. The IPO could value the start-up at circa 4 billion dollars, according to people familiar with the matter quoted by the ‘South China Morning Post’. The...

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Chinese e-commerce rocked: Mogujie Acquires Meilishuo for 3 billion dollars

Chinese e-commerce startup Mogujie has nailed a deal to acquire rival Tencent-backed Meilishuo. The resulting company has been reportedly valued at 2.5 billion dollars and would, without doubt, rock the Chinese online apparel retail space. As announced by both companies earlier this week, Mogujie – which has a strong focus on fashion - will...