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Business

Biotech company Mogu raises 11 million euros in funding

Italian biotech company Mogu Srl, also known as Sqim, which specialises in biofabricated materials made from pure mycelium, the root structure of mushrooms, has raised 11 million euros in Series A funding to allow for further industrial scaling of its innovative technologies and to develop its Ephea and Mogu product lines. The funding round was...

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Management

Lukewarm trading debut on the New York Exchange for Mogu Inc.

New York - Chinese fashion and cosmetic retailer Mog Inc. debuted its trading in the U.S. stock exchange on December, 6. The company’s stock’s price closed its first trading day unchanged from its 14 dollars apiece IPO’s price. Mogu Inc.’s American depositary shares opened at 12 dollars in New York last Thursday, well below the 14 dollars IPO...

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