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6 June 2014

Big Deal: Mogujie shows geographic expansion of e-commerce

The female-focused social retailer has closed an IDG-backed series D round at $200m, indicating the current rapid growth of the sector outside of Europe and the US.

Author: Robert Lavine, News Editor

China-based personalised e-commerce platform Mogujie raised $200m in a series D round today backed by investors including IDG Capital Partners, the Chinese corporate venturing subsidiary of media company IDG that closed a $586m fund this week, illustrating the explosive growth of the Asian e-commerce sector.