Another Tencent financed social e-commerce platform is filing for IPO

According to messagers on the 10th, the social e-commerce platform, Mogujie, contributed by Tencent, is filing for the IPO listing at the US Securities and Exchange Commission. The submitted application documents demonstrated that, with ticker “MOGU”, Mogujie is planning to solicit “no more than $200 million”. The news was interpreted as a push to promote Tencent’s e-co-system development after a series of successful investments in the retailing and online business.