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Management

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...

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