Mogu Inc. (MOGU)
NYSE NYSE Primary Summary
MOGU Chart
MOGU Stock Sees Sharp Decline Amidst Financial Struggles
Mogu Inc. (MOGU, Financial), a Chinese online fashion and lifestyle platform, experienced a significant stock price drop of 9.65%. The stock is currently trading at $2.05 per share with a trading volume of 1,194 shares and a turnover rate of 0.01%.
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Mogu Inc. Profile
| Specialty Retail Industry | Consumer Discretionary Sector | Yiming Fan CEO | NYSE Exchange | 608012100 CUSIP |
| CN Country | 347 Employees | - Last Dividend | 28 Mar 2022 Last Split | 6 Dec 2018 IPO Date |
Overview
MOGU Inc., originally named Meili Inc., is a corporation that was established in 2011 and is headquartered in Hangzhou, the People's Republic of China. The company operates within the online fashion and lifestyle market primarily in the People's Republic of China. Through its subsidiaries, MOGU Inc. delivers an expansive online platform tailored to offer a wide variety of fashion apparel and lifestyle products. These offerings encompass items from third-party merchants including clothing, beauty products, accessories, personal care items, food, and even medical beauty products. Additionally, MOGU Inc. extends a suite of services to its merchants, brand partners, and users that includes online marketing, commissions, financing, and technology solutions. The company also offers technology services to insurance firms. In November 2018, Meili Inc. underwent a rebranding to become MOGU Inc., marking a new chapter in its corporate identity.
Products and Services
- Online Platform:
MOGU Inc.'s cornerstone offering is its online platform that caters to the fashion and lifestyle sector. This platform provides access to a broad spectrum of products ranging from fashion apparel to beauty products and accessories. These products are supplied by third-party merchants, facilitating a diverse and rich shopping experience for consumers.
- Technology and Related Services:
Beyond merely offering products, MOGU Inc. supports merchants and brand partners with a plethora of services. This includes online marketing solutions designed to enhance visibility and sales, commission-based models, financing options to support business growth, and advanced technological services. This comprehensive support system is geared towards fostering a thriving community of merchants and brand partners on MOGU’s platform.
- Technology Services for Insurance Companies:
Expanding its technological expertise beyond the realm of e-commerce and fashion, MOGU Inc. also delivers specialized technology services to insurance companies. This demonstrates the company's versatility and commitment to leveraging its technological capabilities across different sectors.
- Mobile Apps and Websites:
Accessibility is key to MOGU Inc.'s strategy, offering its products and services through various channels. This includes their flagship Mogujie app, along with mini-programs on Weixin and Weixin Pay for ease of use on mobile devices. Furthermore, the company's presence is bolstered by its websites such as Mogu.com, Mogujie.com, and Meilishuo.com, ensuring a comprehensive online presence that caters to a wide audience.
