MOGU Announces Unaudited Financial Results For the Six Months Ended March 31, 2023 and Fiscal Year 2023
- HANGZHOU, China–(BUSINESS WIRE)–MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the six months ended March 31, 2023 and fiscal year 2023. Mr. Fan Yiming, Chief Executive Officer of MOGU, commented, “Fiscal Year 2023 has been an extremely challenging year. […]...
- 06/02/2023
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MOGU Announces Unaudited Financial Results For the Six Months Ended March 31, 2023 and Fiscal Year 2023
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the six months ended March 31, 2023 and fiscal year 2023. Mr. Fan Yiming, Chief Executive Officer of MOGU, commented, “Fiscal Year 2023 has been an extremely challenging year. The competitive environment of online shopping continued to intensify and several surges in COVID-19 cases in China resulte.
- 06/02/2023
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MOGU Announces Resignation and Appointment of Directors
- HANGZHOU, China–(BUSINESS WIRE)–MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, announced that: Mr. Yibo Wei (“Mr. Wei”) has resigned as a director of the Company due to personal reasons, effective April 19, 2023; and Mr. Xuqiang Yue (Mr. “Yue”) has resigned as a director of the […]...
- 04/21/2023
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MOGU Announces Resignation and Appointment of Directors
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, announced that: Each of Mr. Wei and Mr. Yue has confirmed that neither of them has disagreement with the Board, nor is there any other matter relating to their resignation as the directors that needs to be brought to the attention of holders of securities of the Company or The New York Stock Exchange (“NYSE”). The Board further announced that: The Compensation Committee consists of two board members, Mr. Andrew Hong Teoh, who is an independent director of the Company and Ms. Qi Feng, who is an executive director of the Company. The Company opts to follow its home country practice in lieu of the requirement under NYSE Section 303A.05(a) to have a compensation committee comprised entirely of independent directors. The biographical details of Ms. Feng and Mr. Fan are as follows: Ms. Qi Feng has served as our financial controller since May 2021. Ms. Feng joined the Company in June 2013 as the director of the finance department and served as the assistant to the president of the Company from February 2018 to May 2021. Prior to joining us, Ms. Feng worked at State Street Technology (Zhejiang) Co., Ltd. as the reporting manager from 2012 to 2013 and worked for over 6 years at PricewaterhouseCoopers Consultants (Shenzhen) Limited and KPMG Enterprise Consulting Co., Ltd. Ms. Feng received her bachelor’s degree in mathematics in 2003 and master’s degree in financing in 2006 from Zhejiang University. Mr. Fan is currently serving as the chief executive officer of our Company. He has been working at the Company since 2014, and served as a brand director, a vice president of marketing and a general manager of business prior to his appointment as the CEO. At his prior position, Mr. Fan was in charge of the Company’s live video broadcast, platform operation, marketing, branding, public relations and other businesses. At the same time, Mr. Fan serves as a visiting professor at Suzhou University and acted as the final judge of various international marketing communication awards. Prior to joining the Company, Mr. Fan worked at an advertising company for 5 years, which is a member of The American Association of Advertising Agencies. Mr. Fan graduated from Jiangsu Normal University, majoring in advertising. “I want to congratulate Ms. Feng and Mr. Fan on their new roles at the Company. Their leadership and extensive experience will strengthen the Board and help MOGU fulfil its mission of making fashion accessible to everyone. As we welcome the new additions to our Board, we would also like to thank Mr. Wei and Mr. Yue for their unwavering dedication and service to our Company over the years. Mr. Wei and Mr. Yue played critical roles in forging MOGU into the vibrant company it is today. We extend our heartfelt gratitude to them and wish them the very best in their future endeavors,” commented Mr. Qi Chen as the chairman of Board. About MOGU Inc. MOGU Inc. (NYSE: MOGU) is a KOL-driven online fashion and lifestyle destination in China. MOGU provides people with a more accessible and enjoyable shopping experience for everyday fashion, particularly as they increasingly live their lives online. By connecting merchants, KOLs and users together, MOGU’s platform serves as a valuable marketing channel for merchants, a powerful incubator for KOLs, and a vibrant and dynamic community for people to discover and share the latest fashion trends with others, where users can enjoy a truly comprehensive online shopping experience. For more information on MOGU, please visit: http://ir.mogu-inc.com. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. MOGU may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MOGU’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in our annual report on Form 20-F, the 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and MOGU does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
- 04/21/2023
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MOGU Announces Resignation and Appointment of Chief Executive Officer
- HANGZHOU, China–(BUSINESS WIRE)–MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, announced the resignation of Mr. Qi Chen (“Mr. Chen”) as the Chief Executive Officer of the Company (the “CEO”) due to personal reasons, effective March 17, 2023. Mr. Chen will retain his position as the chairman […]...
- 03/17/2023
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MOGU Announces Resignation and Appointment of Chief Executive Officer
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, announced the resignation of Mr. Qi Chen (“Mr. Chen”) as the Chief Executive Officer of the Company (the “CEO”) due to personal reasons, effective March 17, 2023. Mr. Chen will retain his position as the chairman of the board of the directors (the “Board”). Mr. Chen has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation as the CEO that needs to be brought to the attention of holders of securities of the Company or The New York Stock Exchange. The Board is pleased to announce the appointment of Mr. Yiming Fan (“Mr. Fan”) as the new CEO of the Company, effective March 17, 2023. Mr. Fan has been serving at the Company since 2014, and served as a brand director, a vice president of marketing and a general manager of business of Mogujie prior to his appointment as the CEO. At his prior position, Mr. Fan was in charge of the Company’s live video broadcast, platform operation, marketing, branding public relations and other businesses. At the same time, Mr. Fan serves as a visiting professor at Suzhou University and acted as the final judge of various international marketing communication awards. Prior to joining the Company, Mr. Fan worked at an advertising company for 5 years, which is a member of The American Association of Advertising Agencies. Mr. Fan graduated from Jiangsu Normal University, majoring in advertising. “I want to congratulate Mr. Fan on his new role at the Company,” commented Mr. Qi Chen as the chairman of Board. “Mr. Fan is a proven business leader with a strong track record. His leadership and extensive experience will strengthen the Board and help MOGU fulfill its mission of making fashion accessible to everyone. I look forward to working with him closely as we enter the next exciting phase of our growth story.” About MOGU Inc. MOGU Inc. (NYSE: MOGU) is a KOL-driven online fashion and lifestyle destination in China. MOGU provides people with a more accessible and enjoyable shopping experience for everyday fashion, particularly as they increasingly live their lives online. By connecting merchants, KOLs and users together, MOGU’s platform serves as a valuable marketing channel for merchants, a powerful incubator for KOLs, and a vibrant and dynamic community for people to discover and share the latest fashion trends with others, where users can enjoy a truly comprehensive online shopping experience. For more information on MOGU, please visit: http://ir.mogu-inc.com. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. MOGU may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MOGU’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in our annual report on Form 20-F, the 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and MOGU does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
- 03/17/2023
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MOGU Announces Unaudited Financial Results for the Six Months Ended September 30, 2022
- HANGZHOU, China–(BUSINESS WIRE)–MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the six months ended September 30, 2022. Mr. Chen Qi, Chairman and Chief Executive Officer of MOGU, commented, “In 2022, the Live eCommerce industry faced many challenges, including ongoing […]...
- 03/03/2023
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MOGU Announces Unaudited Financial Results for the Six Months Ended September 30, 2022
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the six months ended September 30, 2022. Mr.
- 03/03/2023
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MOGU Inc. Announces US$10 Million Share Repurchase Program
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a KOL-driven online fashion and lifestyle destination in China, today announced that its board of directors has authorized a new share repurchase program, where the Company is authorized to repurchase up to US$10 million of its shares, effective until August 31, 2023. The Company expects to fund the repurchases under this program with its existing cash balance. The Company's proposed repurchases may be made from
- 09/09/2022
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MOGU Files Annual Report on Form 20-F for Fiscal Year 2022
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today filed its annual report on Form 20-F for the fiscal year ended March 31, 2022 with the U.S. Securities and Exchange Commission ("SEC"). The annual report on Form 20-F can be accessed on the Company's investor relations website at http://ir.mogu-inc.com as well as the SEC's website at http://www.sec.gov. The Company will provide a hard
- 07/15/2022
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- MOGU Announces Unaudited Financial Results For the Six Months Ended March 31, 2022 and Fiscal Year 2022
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the six months ended March 31, 2022. Mr. Chen Qi, Chairman and Chief Executive Officer of MOGU, commented, “In 2022, the Live eCommerce industry saw many changes, including an intensifying competitive environment amongst the major live platforms and harsher regulations that resulted in greater supervision of key influencers. In the meantime, COVID-19 restrictions affected the fulfillment of orders nationwide resulting in both sales volume and revenue coming in below expectations. The Gross Merchandise Value (“GMV1”) and revenue of MOGU decreased by 31.4% and 29.2% to RMB5,225 million (US$824.2 million) and RMB168 million (US$26.5 million) period-over-period, respectively. Despite facing multiple challenges, we proactively explored new opportunities. The acquisition of Hangzhou Ruisha Technology Co. Ltd. allowed us to expand and further utilize MOGU's merchants' service capabilities that we have been building over the years. Through Ruisha, we are able to reach more brands, thereby enriching our platform with more fashionable and high-quality product offerings for our users.” "During the second half of fiscal year of 2022, our total revenues decreased by 29.2% to RMB168 million. The adjusted EBITDA and Loss from operations were negative RMB16.3 million and RMB240.3 million, compared with negative RMB18.9 million and RMB233.5 million, respectively, for the same period of fiscal year 2021. We continue to focus on optimizing our cost structure and improving our operational efficiency and expect these will result in a significant improvement in financial performance during our fiscal year 2023. We will also continue to explore new business opportunities to diversify our revenue structure," added Ms. Qi Feng, Financial Controller. Highlights For the Six Months Ended March 31, 2022 Total revenues for the six months ended March 31, 2022 decreased by 29.2% to RMB168.0 million (US$26.5 million) from RMB237.4 million during the same period of fiscal year 2021. LVB associated GMV for the six months ended March 31, 2022 decreased by 23.0% period-over-period to RMB4,846 million (US$764.4 million2). LVB associated GMV for the six months ended March 31, 2022 accounted for 92.7% of our total GMV. GMV for the six months ended March 31, 2022 was RMB5,225 million (US$824.2 million), a decrease of 31.4% period-over-period. Financial Results For the Six Months Ended March 31, 2022 Total revenues for the six months ended March 31, 2022 decreased by 29.2% to RMB168.0 million (US$26.5 million) from RMB237.4 million during the same period of fiscal year 2021. Commission revenues for the six months ended March 31, 2022 decreased by 33.1% to RMB109.9 million (US$17.3 million) from RMB164.4 million in the same period of fiscal year 2021, primarily attributable to the lower GMV due to the heightened competitive environment. Marketing services revenues for the six months ended March 31, 2022 decreased by 83.4% to RMB4.9 million (US$0.8 million) from RMB29.4 million in the same period of fiscal year 2021. The decrease was primarily due to the restructuring of the Company’s business towards an LVB-focused model, which involves more business partners, including LVB hosts and their agencies, who take on a portion of our marketing and promotion functions. Financing solutions revenues for the six months ended March 31, 2022 decreased by 59.0% to RMB10.4 million (US$1.6 million) from RMB25.3 million in the same period of fiscal year 2021. The decrease was primarily due to a decrease in service fee from loans to users in line with lower GMV. Technology service revenues for the six months ended March 31,2022 increased by 145.3% to RMB35.7 million(US$5.6 million) from RMB14.6 million in the same period of fiscal year 2021, primarily attributable to the combination of Hangzhou Ruisha Technology Co. Ltd., (“Ruisha”), which is committed to providing brands merchants with one-stop and customized services for full-domain operations, including a wide variety of operational services, data platforms and other software services, as well as value-added services such as traffic placement. Other revenues for the six months ended March 31, 2022 increased by 88.4% to RMB7.1 million (US$1.1 million) from RMB3.8 million in the same period of fiscal year 2021. Cost of revenues for the six months ended March 31, 2022 decreased by 16.2% to RMB74.5 million (US$11.7 million) from RMB88.8 million in the same period of fiscal year 2021, which was primarily due to decreases in the IT related expenses, payment handling costs and rental expenses. Sales and marketing expenses for the six months ended March 31, 2022 decreased by 53.6% to RMB55.6 million (US$8.8 million) from RMB119.9 million in the same period of fiscal year 2021, primarily due to optimized spending on branding and user acquisition activities. Research and development expenses for the six months ended March 31, 2022 decreased by 20.1% to RMB37.4 million (US$5.9 million) from RMB46.8 million in the same period of fiscal year 2021, primarily due to decreases in payroll costs as a result of headcount optimization and rental expenses. General and administrative expenses for the six months ended March 31, 2022 decreased by 32.3% to RMB37.1 million (US$5.9 million) from RMB54.8 million in the same period of fiscal year 2021, primarily due to decreases in payroll costs as a result of headcount optimization as well as miscellaneous administrative expenses. Amortization of intangible assets for the six months ended March 31, 2022 decreased by 14.1% to RMB168.0 million (US$26.5 million) from RMB195.6 million in the same period of fiscal year 2021. Impairment of intangible assets for the six months ended March 31, 2022 was RMB48.9 million (US$7.7 million) from nil in the same period of fiscal year 2021. The Company provided full impairment charges for broadcasting license, domain name and insurance license intangible assets of RMB38.7 million, RMB8.1 million and RMB2.1 million, respectively, for the year ended March 31, 2022, as the Company believes the future estimated economic benefit generated from these intangible assets are not considered to be sufficient to recover related net book values. Loss from operations for the six months ended March 31, 2022 was RMB240.3 million (US$37.9 million), compared to loss from operations of RMB233.5 million in the same period of fiscal year 2021. Net loss attributable to MOGU Inc. for the six months ended March 31, 2022 was RMB227.9 million (US$35.9 million), compared to a net loss attributable to MOGU Inc. of RMB145.3 million in the same period of fiscal year 2021. Adjusted EBITDA3 for the six months ended March 31, 2022 was negative RMB16.3 million (US$2.6 million), compared to negative RMB18.9 million in the same period of fiscal year 2021. Adjusted net loss4 for the six months ended March 31, 2022 was RMB12.7 million (US$2.0 million), compared to adjusted net loss of RMB25.3 million in the same period of fiscal year 2021. Basic and diluted loss per ADS5 for the six months ended March 31, 2022 were RMB27.13 (US$4.28) and RMB27.13 (US$4.28), respectively, compared with RMB16.57 and RMB16.57, respectively, in the same period of fiscal year 2021. One ADS represents 300 Class A ordinary shares. Cash and cash equivalents, Restricted cash and Short-term investments were RMB636.3 million (US$100.4 million) as of March 31, 2022, compared with RMB803.1 million as of March 31, 2021. Fiscal Year 2022 Financial Results Total revenues decreased by 30.0% to RMB337.5 million (US$53.2 million) from RMB482.4 million in fiscal year 2021. Commission revenues decreased by 28.8% to RMB226.7 million (US$35.8 million) from RMB318.6 million in fiscal year 2021, primarily attributable to the lower GMV due to the heightened competitive environment. Marketing services revenues decreased by 74.9% to RMB17.9 million (US$2.8 million) from RMB71.3 million in fiscal year 2021. The decrease was primarily due to the restructuring of the Company’s business towards an LVB-focused model, which involves more business partners, including LVB hosts and their agencies, who take on a portion of our marketing and promotion functions. Financing solutions revenues decreased by 35.4% to RMB31.9 million (US$5.0 million) from RMB49.3 million in the same period of fiscal year 2021. The decrease was primarily due to a decrease in service fee from loans to users in line with lower GMV. Technology service revenues increased by 61.6% to RMB46.1 million (US$7.3 million) from RMB28.5 million in the fiscal year 2021, primarily attributable to the combination of Ruisha. Other revenues increased by 1.7% to RMB14.9 million (US$2.4 million) from RMB14.7 million in fiscal year 2021. Cost of revenues decreased by 12.8% to RMB159.6 million (US$25.2 million) from RMB183.1 million in fiscal year 2021, which was primarily due to decreases in the IT related expenses, payment handling costs and rental expenses. Sales and marketing expenses decreased by 35.4% to RMB148.4 million (US$23.4 million) from RMB229.8 million in fiscal year 2021, primarily due to optimized spending on branding and user acquisition activities. Research and development expenses decreased by 20.1% to RMB82.6 million (US$13.0 million) from RMB103.5 million in fiscal year 2021, primarily due to a decrease in payroll costs as a result of headcount optimization. General and administrative expenses decreased by 23.2% to RMB79.2 million (US$12.5 million) from RMB103.0 million in fiscal year 2021, primarily due to decreases in payroll costs as a result of headcount optimization as well as miscellaneous administrative expenses. Amortization of intangible assets slightly decreased by 4.0% to RMB328.2 million (US$51.8 million) from RMB341.8 million in fiscal year 2021. Impairment of goodwill and intangible assets for the year ended March 31, 2022 was RMB235.4 million (US$37.1 million), compared to nil in the fiscal year 2021, which was associated with weaker-than-expected operating results of the LVB-focused e-commerce platform reporting unit due to the continuously heightened competitive environment and the limited future economic benefit generated from these intangible assets. Loss from operations was RMB670.5 million (US$105.8 million), compared to loss from operations of RMB428.9 million in fiscal year 2021, primarily attributable to impairment of goodwill and intangible incurred in fiscal year 2022. Net loss attributable to MOGU Inc. was RMB639.8 million (US$100.9 million), compared to a net loss attributable to MOGU Inc. of RMB328.0 million in fiscal year 2021. Adjusted EBITDA6 was negative RMB89.1 million (US$14.1 million), compared to negative RMB51.5 million in fiscal year 2021. Adjusted net loss7 was RMB82.6 million (US$13.0 million), compared to adjusted net loss of RMB51.0 million in fiscal year 2021. Basic and diluted loss per ADS were RMB76.17 (US$12.02) and RMB RMB76.17 (US$12.02) respectively, compared with RMB37.41 and RMB37.41, respectively, in fiscal year 2021. One ADS represents 300 Class A ordinary shares. Use of Non-GAAP Financial Measures In evaluating the business, the Company considers and uses nonGAAP measures, such as Adjusted EBITDA and Adjusted net loss as supplemental measures to review and assess operating performance. The presentation of these nonGAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company defines Adjusted EBITDA as net loss before interest income, (gain)/loss from investments, net, the deferred tax impact resulting from the amortization and impairment of intangible assets, share of results of equity investees, impairment of goodwill and intangible assets, share-based compensation expenses, amortization of intangible assets, and depreciation of property and equipment. The Company defines Adjusted net loss as net loss excluding (gain)/loss from investments, net, impairment of goodwill and intangible assets, share-based compensation expenses, amortization of intangible assets, and adjustments for tax effects. See “Unaudited Reconciliations of GAAP and NonGAAP Results” at the end of this press release. The Company presents these nonGAAP financial measures because they are used by management to evaluate operating performance and formulate business plans. The Company believes that the nonGAAP financial measures help identify underlying trends in its business by excluding certain expenses, gain/loss and other items and the deferred tax impact resulting from the amortization and impairment of intangible assets, that are not expected to result in future cash payments or that are nonrecurring in nature or may not be indicative of the Company’s core operating results and business outlook. The Company also believes that the nonGAAP financial measures could provide further information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects. The nonGAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The nonGAAP financial measures have limitations as analytical tools. The Company’s nonGAAP financial measures do not reflect all items of income and expense that affect the Company’s operations and do not represent the residual cash flow available for discretionary expenditures. Further, these nonGAAP measures may differ from the nonGAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the nonGAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company’s financial information in its entirety and not rely on a single financial measure. For more information on the nonGAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and NonGAAP Results” set forth at the end of this press release. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the business outlook and quotations from management in this announcement, as well as MOGU’s strategic and operational plans, contain forward-looking statements. MOGU may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about MOGU’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MOGU’s growth strategies; the risk that COVID-19 or other health risks in China or globally could adversely affect its operations or financial results; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s ecommerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s ecommerce market; PRC governmental policies and regulations relating to MOGU’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in MOGU’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and MOGU undertakes no obligation to update any forward-looking statement, except as required under applicable law. About MOGU Inc. MOGU Inc. (NYSE: MOGU) is a leading KOL-driven online fashion and lifestyle destination in China. MOGU provides people with a more accessible and enjoyable shopping experience for everyday fashion, particularly as they increasingly live their lives online. By connecting merchants, KOLs and users together, MOGU’s platform serves as a valuable marketing channel for merchants, a powerful incubator for KOLs, and a vibrant and dynamic community for people to discover and share the latest fashion trends with others, where users can enjoy a truly comprehensive online shopping experience. MOGU INC. Unaudited Condensed Consolidated Balance Sheets (All amounts in thousands, except for share and per share data) As of March 31, As of March 31, 2021 2022 RMB RMB US$ ASSETS Current assets: Cash and cash equivalents 542,076 438,608 69,189 Restricted cash 808 809 128 Short-term investments 260,245 196,853 31,053 Inventories, net 240 79 12 Loan receivables, net 99,965 26,788 4,226 Prepayments and other current assets 77,679 55,135 8,697 Amounts due from related parties 6,061 640 101 Total current assets 987,074 718,912 113,406 Non-current assets: Property, equipment and software, net 10,780 7,702 1,215 Intangible assets, net 426,005 89,822 14,169 Goodwill 186,504 63,460 10,011 Investments 66,382 72,120 11,377 Other non-current assets 163,111 214,964 33,910 Total non-current assets 852,782 448,068 70,682 Total assets 1,839,856 1,166,980 184,088 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Short-term borrowings - 10,064 1,588 Accounts payable 19,938 17,950 2,832 Salaries and welfare payable 4,349 12,311 1,942 Advances from customers 77 901 142 Taxes payable 1,558 3,265 515 Amounts due to related parties 6,234 4,694 740 Accruals and other current liabilities 333,127 272,638 43,009 Total current liabilities 365,283 321,823 50,768 Non-current liabilities: Deferred tax liabilities 17,526 12,112 1,911 Other non-current liabilities 2,151 890 140 Total non-current liabilities 19,677 13,002 2,051 Total liabilities 384,960 334,825 52,819 Shareholders’ equity Ordinary shares 181 181 29 Treasury stock (126,424 ) (136,113 ) (21,471 ) Statutory reserves 3,331 3,331 525 Additional paid-in capital 9,458,643 9,471,101 1,494,029 Accumulated other comprehensive income 97,145 69,016 10,887 Accumulated deficit (7,977,980 ) (8,617,780 ) (1,359,421 ) Total MOGU Inc. shareholders’ equity 1,454,896 789,736 124,578 Non-controlling interests - 42,419 6,691 Total shareholders’ equity 1,454,896 832,155 131,269 Total liabilities and shareholders’ equity 1,839,856 1,166,980 184,088 MOGU INC. Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss (All amounts in thousands, except for share and per share data) For the six months ended For the year ended March 31, March 31, 2021 2022 2021 2022 RMB RMB US$ RMB RMB US$ Net revenues Commission revenues 164,392 109,935 17,342 318,602 226,742 35,768 Marketing services revenues 29,376 4,882 770 71,345 17,888 2,822 Financing service 25,315 10,367 1,635 49,285 31,852 5,025 Technology service revenues 14,556 35,709 5,633 28,505 46,077 7,269 Other revenues 3,770 7,102 1,120 14,655 14,910 2,352 Total revenues 237,409 167,995 26,500 482,392 337,469 53,236 (88,827 ) (74,468 ) (11,747 ) (183,112 ) (159,601 ) (25,176 ) Sales and marketing expenses (119,933 ) (55,638 ) (8,777 ) (229,775 ) (148,410 ) (23,411 ) Research and development expenses (46,822 ) (37,414 ) (5,902 ) (103,474 ) (82,641 ) (13,036 ) General and administrative expenses (54,790 ) (37,083 ) (5,850 ) (103,038 ) (79,178 ) (12,490 ) Amortization of intangible assets (195,574 ) (167,964 ) (26,496 ) (341,802 ) (328,154 ) (51,765 ) Impairment of goodwill and intangible assets - (48,890 ) (7,712 ) - (235,394 ) (37,132 ) Other income, net 35,035 13,117 2,069 49,885 25,427 4,011 Loss from operations (233,502 ) (240,345 ) (37,915 ) (428,924 ) (670,482 ) (105,763 ) Interest income 9,177 6,902 1,089 19,601 13,903 2,193 Gain/(loss) from investments, net 86,497 (7,590 ) (1,197 ) 86,497 232 37 Loss before income tax and share of results of equity investees (137,828 ) (241,033 ) (38,023 ) (322,826 ) (656,347 ) (103,533 ) Income tax (expenses)/benefits (7,531 ) 12,797 2,019 (5,181 ) 14,512 2,289 Share of results of equity investee, net of tax 36 (121 ) (19 ) 36 (539 ) (85 ) Net loss (145,323 ) (228,357 ) (36,023 ) (327,971 ) (642,374 ) (101,329 ) Net loss attributable to non-controlling interests - (483 ) (76 ) - (2,574 ) (406 ) Net loss attributable to MOGU Inc. (145,323 ) (227,874 ) (35,947 ) (327,971 ) (639,800 ) (100,923 ) Net loss (145,323 ) (228,357 ) (36,023 ) (327,971 ) (642,374 ) (101,329 ) Other comprehensive loss: Foreign currency translation adjustments, net of nil tax (33,834 ) (6,744 ) (1,064 ) (72,993 ) (17,400 ) (2,745 ) Unrealized securities holding losses, net of tax (28,967 ) (516 ) (81 ) (31,658 ) (10,729 ) (1,692 ) Total comprehensive loss (208,124 ) (235,617 ) (37,168 ) (432,622 ) (670,503 ) (105,766 ) Total comprehensive loss attributable to non-controlling interests - (483 ) (76 ) - (2,574 ) (406 ) Total comprehensive loss attributable to MOGU Inc. (208,124 ) (235,134 ) (37,092 ) (432,622 ) (667,929 ) (105,360 ) Net loss per share attributable to ordinary shareholders Basic (0.06 ) (0.09 ) (0.01 ) (0.12 ) (0.25 ) (0.04 ) Diluted (0.06 ) (0.09 ) (0.01 ) (0.12 ) (0.25 ) (0.04 ) Net loss per ADS* Basic (16.57 ) (27.13 ) (4.28 ) (37.41 ) (76.17 ) (12.02 ) Diluted (16.57 ) (27.13 ) (4.28 ) (37.41 ) (76.17 ) (12.02 ) Weighted average number of shares used in computing net loss per share Basic 2,630,463,575 2,520,103,689 2,520,103,689 2,630,425,361 2,519,948,060 2,519,948,060 Diluted 2,630,463,575 2,520,103,689 2,520,103,689 2,630,425,361 2,519,948,060 2,519,948,060 Share-based compensation expenses included in: Cost of revenues 1,215 631 100 2,464 1,872 295 General and administrative expenses 6,937 3,121 492 14,475 6,789 1,071 Sales and marketing expenses 2,795 1,143 180 5,416 3,905 616 Research and development expenses 2,320 (352 ) (56 ) 3,940 (108 ) (17 ) MOGU INC. Unaudited Condensed Consolidated Statements of Cash Flows (All amounts in thousands, except for share and per share data) For the six months ended For the year ended March 31, March 31, 2021 2022 2021 2022 RMB RMB US$ RMB RMB US$ Net cash used in operating activities (37,950 ) (40,881 ) (6,449 ) (77,931 ) (114,409 ) (18,048 ) Net cash provided by/(used in) investing activities 34,173 (35,511 ) (5,602 ) (96,663 ) 13,947 2,200 Net cash (used in)/provided by financing activities (16,618 ) 8,815 1,391 (119,249 ) 450 71 Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash (9,223 ) (861 ) (135 ) (20,647 ) (3,455 ) (544 ) Net decrease in cash and cash equivalents and restricted cash (29,618 ) (68,438 ) (10,795 ) (314,490 ) (103,467 ) (16,321 ) Cash and cash equivalents and restricted cash at beginning of period 572,502 507,855 80,112 857,374 542,884 85,638 Cash and cash equivalents and restricted cash at end of period 542,884 439,417 69,317 542,884 439,417 69,317 MOGU INC. Reconciliations of GAAP and Non-GAAP Results (All amounts in thousands, except for share and per share data) For the six months ended For the year ended March 31 March 31, 2021 2022 2021 2022 RMB RMB US$ RMB RMB US$ Net loss (145,323 ) (228,357 ) (36,023 ) (327,971 ) (642,374 ) (101,329 ) Add: Share of result of equity investee (36 ) 121 19 (36 ) 539 85 Add: (Gain)/loss from investments, net (86,497 ) 7,590 1,197 (86,497 ) (232 ) (37 ) Add: Income tax expenses/(benefits) 7,531 (12,797 ) (2,019 ) 5,181 (14,512 ) (2,289 ) Less: Interest income (9,177 ) (6,902 ) (1,089 ) (19,601 ) (13,903 ) (2,193 ) Loss from operations (233,502 ) (240,345 ) (37,915 ) (428,924 ) (670,482 ) (105,763 ) Add: Impairment of goodwill and intangible assets - 48,890 7,712 - 235,394 37,132 Add: Share-based compensation expenses 13,267 4,543 716 26,295 12,458 1,965 Add: Amortization of intangible assets 195,574 167,964 26,496 341,802 328,154 51,765 Add: Depreciation of property and equipment 5,744 2,599 410 9,327 5,396 851 Adjusted EBITDA (18,917 ) (16,349 ) (2,581 ) (51,500 ) (89,080 ) (14,050 ) Net loss (145,323 ) (228,357 ) (36,023 ) (327,971 ) (642,374 ) (101,329 ) Add: (Gain)/loss from investments, net (86,497 ) 7,590 1,197 (86,497 ) (232 ) (37 ) Add: Share-based compensation expenses 13,267 4,543 716 26,295 12,458 1,965 Add: Impairment of goodwill and intangible assets - 48,890 7,712 - 235,394 37,132 Add: Amortization of intangible assets 195,574 167,964 26,496 341,802 328,154 51,765 Less: Adjusted for tax effects (2,322 ) (13,291 ) (2,097 ) (4,644 ) (15,963 ) (2,518 ) Adjusted net loss (25,301 ) (12,661 ) (1,999 ) (51,015 ) (82,563 ) (13,022 ) ________________________________ 1 GMV refers to the total value of orders placed on the MOGU platform regardless of whether the products are sold, delivered or returned, calculated based on the listed prices of the ordered products without taking into consideration any discounts on the listed prices. Buyers on the MOGU platform are not charged for separate shipping fees over the listed price of a product. If merchants include certain shipping fees in the listed price of a product, such shipping fees will be included in GMV. As a prudent matter aiming at eliminating any influence on MOGU’s GMV of irregular transactions, the Company excludes from its calculation of GMV transactions over a certain amount (RMB100,000) and transactions by users over a certain amount (RMB1,000,000) per day. 2 The U.S. dollar (US$) amounts disclosed in this press release, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the readers. The conversion of Renminbi (RMB) into US$ in this press release is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of March 31, 2022, which was RMB6.3393 to US$1.00. The percentages stated in this press release are calculated based on the RMB amounts. 3 Adjusted EBITDA represents net loss before (i) interest income, (gain)/loss from investments, net, income tax expenses/(benefits) and share of results of equity investee, impairment of goodwill and intangible assets and (ii) certain non-cash expenses, consisting of share-based compensation expenses, amortization of intangible assets, and depreciation of property and equipment. See “Unaudited Reconciliations of GAAP and NonGAAP Results” at the end of this press release. 4 Adjusted net loss represents net loss excluding (i) (gain)/loss from investments, net, (ii) share-based compensation expenses, (iii) impairment of goodwill and intangible assets, (iv)amortization of intangible assets, (v) adjustments for tax effects. See “Unaudited Reconciliations of GAAP and NonGAAP Results” at the end of this press release. 5 The company change the ADS to common share conversion ratio on March 28, 2022. The ratio changed from one (1) ADS to twenty-five (25) Class A ordinary share to the current ratio of one (1) ADS to three hundred (300) Class A ordinary shares. As a result, the company made the corresponding change to the basic and diluted loss per ADS retroactively to reflect the new ADS conversion ratio. 6 Adjusted EBITDA represents net loss before (i) interest income, (gain)/loss from investments, net, income tax expenses/(benefits) and share of results of equity investee, impairment of goodwill and intangible assets and (ii) certain non-cash expenses, consisting of share-based compensation expenses, amortization of intangible assets, and depreciation of property and equipment. See “Unaudited Reconciliations of GAAP and NonGAAP Results” at the end of this press release. 7 Adjusted net loss represents net loss excluding (i) (gain)/loss from investments, net, (ii) share-based compensation expenses, (iii) impairment of goodwill and intangible assets, (iv) amortization of intangible assets, and adjustments for tax effects. See “Unaudited Reconciliations of GAAP and NonGAAP Results” at the end of this press release.
- 06/08/2022
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MOGU to Report Second Half of Fiscal Year 2022 Financial Results on June 8, 2022
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced that it will report its unaudited financial results for the second half of fiscal year 2022 ended March 31, 2022, after U.S. markets on Wednesday, June 8, 2022. About MOGU Inc. MOGU Inc. (NYSE: MOGU) is a leading KOL-driven online fashion and lifestyle destination in China. MOGU provides people with a more accessible and enjo
- 05/25/2022
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- MOGU Announces Unaudited Financial Results for the Six Months Ended September 30, 2021
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the six months ended September 30, 2021. Mr. Chen Qi, Chairman and Chief Executive Officer of MOGU, commented, “The first half of the fiscal year of 2022 was challenging for the Live eCommerce industry, as we continue to see increasing competition. The GMV and Revenue of MOGU decreased by 1
- 12/23/2021
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MOGU to Report Second Quarter Fiscal Year 2022 Financial Results on December 23, 2021
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced that it will report its unaudited financial results for the second quarter of fiscal year 2022 ended September 30, 2021, before U.S. markets open on Thursday, December 23, 2021. MOGU's management will host an earnings conference call at 6:30 AM U.S. Eastern Time on Thursday, December 23, 2021 (7:30 PM Beijing/Hong Kong Time o
- 12/15/2021
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MOGU Stock: Over 10% Increase Pre-Market Explanation
- The stock price of MOGU Inc. (NYSE: MOGU) increased by over 10% pre-market. This is why it happened.
- 08/27/2021
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MOGU Shares Pop On $10M Share Buyback Plan, Q1 Revenue Dips 31%
- Chinese online fashion and lifestyle destination MOGU Inc (NYSE: MOGU) reported a first-quarter FY22 revenue decline of 30.6% year-on-year to $14.2 million. Segments: Commission revenues decreased by 23.7% Y/Y to $10.1 million.
- 08/27/2021
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MOGU Inc. Announces US$10 Million Share Repurchase Program
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a leading KOL-driven online fashion and lifestyle destination in China, today announced that its board of directors has authorized a new share repurchase program, where the Company is authorized to repurchase up to US$10 million of its shares, effective until August 26, 2022. The Company expects to fund the repurchases under this program with its existing cash balance. "The announcement of this new repurchase pr
- 08/27/2021
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- MOGU Announces First Quarter Fiscal Year 2022 Unaudited Financial Results
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the first quarter of fiscal year 2022 ended June 30, 2021. Mr. Chen Qi, Chairman and Chief Executive Officer of MOGU, commented, “As we continue to make progress on the strategic transformation of Mogu's Live Video Broadcasting business, the GMV from our Live eCommerce business continues to
- 08/27/2021
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MOGU to Report First Quarter Fiscal Year 2022 Financial Results on August 27, 2021
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced that it will report its unaudited financial results for the first quarter of fiscal year 2022 ended June 30, 2021, before U.S. markets open on Friday, August 27, 2021. MOGU's management will host an earnings conference call at 7:30 AM U.S. Eastern Time on Friday, August 27, 2021 (7:30 PM Beijing/Hong Kong Time on the same day
- 08/19/2021
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MOGU Inc. Announces Entry into Definitive Agreements to Increase Ownership of Hangzhou Ruisha
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the “Company”), a leading KOL-driven online fashion and lifestyle destination in China, today announced that Hangzhou Juangua Network Co., Ltd. (“Hangzhou Juangua”), a consolidated affiliated entity of the Company, has entered into definitive agreements with Hangzhou Ruisha Technology Co., Ltd. (“Hangzhou Ruisha”), Hangzhou Ruisha's existing shareholder and Hangzhou Ruisha's founder, to increase and obtain controlling equity in
- 07/26/2021
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MOGU Files Annual Report on Form 20-F for Fiscal Year 2021
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today filed its annual report on Form 20-F for the fiscal year ended March 31, 2021 with the U.S. Securities and Exchange Commission ("SEC"). The annual report on Form 20-F can be accessed on the Company's investor relations website at http://ir.mogu-inc.com as well as the SEC's website at http://www.sec.gov. The Company will provide a hard
- 06/30/2021
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MOGU Inc. (MOGU) CEO Shark Qi Chen on Q4 2021 Results - Earnings Call Transcript
- MOGU Inc. (MOGU) CEO Shark Qi Chen on Q4 2021 Results - Earnings Call Transcript
- 05/28/2021
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MOGU Shares Are Trading Higher After Q4 Revenue Decline, GMV Growth
- MOGU Inc (NYSE: MOGU) reported a fourth-quarter FY21 revenue decline of 23.6% year-on-year to $13.9 million, missing the analyst consensus of $24.65 million. Revenue from Commission declined 1.7% Y/Y to $10 million, and Marketing services reduced 34.5% Y/Y to $1.8 million.
- 05/28/2021
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MOGU Announces Fourth Quarter and Fiscal Year 2021 Unaudited Financial Results
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the fourth quarter and the fiscal year 2021 ended March 31, 2021. "Live eCommerce GMV grew by 42.0% year-over-year, and accounted for 87.2% of our total GMV during the quarter." said Chen Qi, Chairman and Chief Executive Officer of MOGU. " Looking forward, we are confident on the growth of
- 05/28/2021
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MOGU to Report Fourth Quarter and Fiscal Year 2021 Financial Results on May 28, 2021
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year 2021 ended March 31, 2021, before U.S. markets open on Friday, May 28, 2021. MOGU's management will host an earnings conference call at 7:30 AM U.S. Eastern Time on Friday, May 28, 2021 (7:30 PM Beijing/Hong Kong Time on the same day).
- 05/21/2021
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ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against MOGU Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm
- LOS ANGELES, April 20, 2021 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MOGU Inc. ("MOGU" or "the Company") (NYSE: MOGU) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
- 04/20/2021
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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against MOGU Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm
- LOS ANGELES--(BUSINESS WIRE)---- $MOGU #MOGU--INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against MOGU Inc.
- 04/16/2021
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MOGU BREAKING ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages MOGU Inc. Investors to Inquire About Class Action Investigation – MOGU
- NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of MOGU Inc. (NYSE: MOGU) resulting from allegations that MOGU may have issued materially misleading business information to the investing public. SO WHAT: If you purchased MOGU securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law fir
- 04/15/2021
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of MOGU Inc. - MOGU
- New York, New York--(Newsfile Corp. - March 7, 2021) - Pomerantz LLP is investigating claims on behalf of investors of MOGU Inc. ("MOGU" or the "Company") (NYSE: MOGU). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether MOGU and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the...
- 03/07/2021
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of MOGU Inc. - MOGU
- NEW YORK, March 3, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of MOGU Inc. ("MOGU" or the "Company") (NYSE: MOGU). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation...
- 03/03/2021
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MOGU Inc. (MOGU) CEO Qi Chen on Q3 2021 Results - Earnings Call Transcript
- MOGU Inc. (MOGU) CEO Qi Chen on Q3 2021 Results - Earnings Call Transcript
- 02/27/2021
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MOGU Announces Third Quarter Fiscal Year 2021 Unaudited Financial Results
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the third quarter of fiscal year 2021 ended December 31, 2020. “Our KOLs on MOGU Live are increasingly important as they continuously provide differentiated shopping experience,” said Chen Qi, Chairman and Chief Executive Officer of MOGU. “Looking forward, we aim to further amplify our KOLs
- 02/25/2021
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MOGU to Report Third Quarter Fiscal Year 2021 Financial Results on February 25, 2021
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced that it will report its unaudited financial results for the third quarter of fiscal year 2021 ended December 31, 2020, before U.S. markets open on Thursday, February 25, 2021. MOGU's management will host an earnings conference call at 6:30 AM U.S. Eastern Time on Thursday, February 25, 2021 (7:30 PM Beijing/Hong Kong Time on
- 02/18/2021
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MOGU Inc. (MOGU) CEO Qi Chen on Q2 2021 Results - Earnings Call Transcript
- MOGU Inc. (MOGU) CEO Qi Chen on Q2 2021 Results - Earnings Call Transcript
- 11/30/2020
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MOGU Announces Second Quarter Fiscal Year 2021 Unaudited Financial Results
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the second quarter of fiscal year 2021 ended September 30, 2020. "In the post-COVID environment, we were glad to see our KOLs have leveraged strong supply chain in China and delivered another strong quarter for MOGU Live." said Chen Qi, Chairman and Chief Executive Officer of MOGU. "We beli
- 11/30/2020
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MOGU to Report Second Quarter Fiscal Year 2021 Financial Results on November 30, 2020
- HANGZHOU, China--(BUSINESS WIRE)--MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced that it will report its unaudited financial results for the second quarter of fiscal year 2021 ended September 30, 2020, before U.S. markets open on Monday, November 30, 2020. MOGU's management will host an earnings conference call at 6:30 AM U.S. Eastern Time on Monday, November 30, 2020 (7:30 PM Beijing/Hong Kong Time on th
- 11/20/2020
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MOGU Announces US$10 Million Share Repurchase Program
- MOGU Inc. (NYSE: MOGU) (“MOGU” or the
- 09/14/2020
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MOGU Inc. (MOGU) Q1 2021 Earnings Call Transcript | AlphaStreet
- MOGU Inc. (NYSE: MOGU) Q1 2021 earnings call dated Aug. 24, 2020
- 08/25/2020
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Why MOGU Is Crashing 18% Today | The Motley Fool
- The Chinese fashion and lifestyle company issued its anticipated first-quarter earnings report.
- 08/24/2020
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MOGU Inc. (MOGU) CEO Shark Qi Chen on Q1 2021 Results - Earnings Call Transcript
- MOGU Inc. (NYSE:MOGU) Q1 2021 Results Earnings Conference Call August 24, 2020, 07:30 AM ET Company Participants Rene Vanguestaine - Investor Relations Shark Qi Chen - Chairman and Chief Executive Officer Raymond Huang - Chief Strategy Officer Conference Call Participants Charlie Chen - China Renaissance Locky Lau - AJ Asset Management Veronica Chen - China Renaissance Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to MOGU First Quarter for Fiscal Year 2021 Earnings Call.
- 08/24/2020
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MOGU Announces First Quarter Fiscal Year 2021 Unaudited Financial Results
- MOGU Inc. (NYSE: MOGU) (“MOGU” or the
- 08/24/2020
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Why MOGU Rocketed Higher Today
- The Chinese small cap ended the day up but gave back the biggest part of the gains in the last hour.
- 08/18/2020
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Mid-Afternoon Market Update: Nasdaq Rises 80 Points; MICT Shares Spike Higher
- Toward the end of trading Tuesday, the Dow traded down 0.13% to 27807.74 while the NASDAQ rose 0.72% to 11,210.10. The S&P also rose, gaining 0.28% to 3,391.38.
The U.S. has...
- 08/18/2020
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MOGU to Report First Quarter Fiscal Year 2021 Financial Results on August 24, 2020
- MOGU Inc. (NYSE: MOGU) ("MOGU" or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced that it will report its unaudited financial results for the first quarter of fiscal year 2021 ended June 30, 2020, before U.S. markets open on Monday, August 24, 2020.
- 08/17/2020
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Is MOGU Inc. (NYSE:MOGU) Popular Amongst Insiders?
- The big shareholder groups in MOGU Inc. (NYSE:MOGU) have power over the company. Large companies usually have...
- 08/04/2020
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Why Mogu Stock Rocketed 35% Higher -- Then Plunged by Even More!
- Small-cap stocks can be more volatile than larger ones -- something we're all aware of after the last few months -- but Chinese online fashion and "lifestyle" company Mogu (NYSE: MOGU) is really taking the cake Friday morning. Mogu opened the trading day up by 21% from Thursday's close, then proceeded to rocket to a total of 35% higher before pivoting and plunging sharply. There have been no press releases out of Mogu today, there are no fresh articles about it in the press, and there hasn't been a peep about it from any of Wall Street's analysts.
- 07/31/2020
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Why MOGU Stock Rocketed 59% Higher Today
- Shares of MOGU (NYSE: MOGU) kicked it into overdrive in afternoon trading Thursday, soaring 59% on no apparent news for the Chinese fashion and lifestyle company. MOGU filed its fiscal 2020 annual 20-F report with the Securities and Exchange Commission (a 20-F is similar to a 10-K annual report, but for foreign companies) after the market closed on Wednesday. First, while the financial report was filed yesterday, it actually reported the results back in May. So unless there was some golden nugget hidden within, it should have been a perfunctory filing.
- 07/30/2020
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MOGU Files Annual Report on Form 20-F for Fiscal Year 2020
- MOGU Inc. (NYSE:MOGU) ("MOGU" or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today filed its annual report on Form 20-F for the fiscal year ended March 31, 2020 with the U.S. Securities and Exchange Commission ("SEC").
- 07/29/2020
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6 Stocks That Could Pop Higher
- Stocks Analysis by Harry Boxer covering: BioCryst Pharmaceuticals Inc, Cytokinetics Inc, Vaxart Inc, Novavax Inc. Read Harry Boxer's latest article on Investing.com
- 07/08/2020
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MOGU Inc. (MOGU) CEO Shark Qi Chen on Q4 2020 Results - Earnings Call Transcript
- MOGU Inc. (NYSE:MOGU) Q4 2020 Results Earnings Conference Call May 29, 2020 7:30 AM ET Company Participants Christian Arnell - Investor Relations Shark Qi Chen
- 06/01/2020
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MOGU Inc. American Depositary Shares (eachrepresenting 25 Class A Ordinary Shares) (MOGU) Q4 2020 Earnings Call Transcript
- Ladies and gentlemen, thank you for standing by, and welcome to MOGU fourth-quarter fiscal year 2020 financial results. MOGU's earnings release was distributed earlier today and is available at the IR website, ir.mogu-inc.com as well as through Business Wire services.
- 05/30/2020
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MOGU Announces Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
- MOGU Inc. (NYSE: MOGU) ("MOGU" or the "Company"), a leading online fashion and lifestyle destination in China, today announced its unaudited financial results for the fourth quarter and fiscal year 2020 ended March 31, 2020.
- 05/29/2020
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MOGU Announces Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
- MOGU Inc. (NYSE: MOGU) (“MOGU” or the
- 05/29/2020
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Here is How Hedge Funds Traded MOGU Inc. (MOGU) During The Crash
- In this article we will take a look at whether hedge funds think MOGU Inc. (NYSE:MOGU) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]
- 05/27/2020
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MOGU to Report Fourth Quarter and Fiscal Year 2020 Financial Results on May 29, 2020
- MOGU Inc. (NYSE:MOGU) ("MOGU" or the "Company"), a leading online fashion and lifestyle destination in China, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year 2020 ended March 31, 2020, before U.S. markets open on Friday, May 29, 2020.
- 05/23/2020
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MOGU to Report Fourth Quarter and Fiscal Year 2020 Financial Results on May 29, 2020
- MOGU Inc. (NYSE:MOGU) (“MOGU” or the
- 05/23/2020
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Here's Why We're Not Too Worried About MOGU's (NYSE:MOGU) Cash Burn Situation
- Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
- 05/17/2020
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Imagine Owning MOGU (NYSE:MOGU) And Trying To Stomach The 90% Share Price Drop
- As every investor would know, you don't hit a homerun every time you swing. But it should be a priority to avoid...
- 04/13/2020
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MOGU Inc. Announces Resignation of Chief Financial Officer
- MOGU Inc. (NYSE: MOGU) ("MOGU" or the "Company"), a leading online fashion and lifestyle destination in China, today announced that its Chief Financial Officer, Ms. Helen Ting Wu, has resigned from her position at the Company due to personal reasons, effective March 31, 2020. Ms. Wu’s resignation did not result from any disagreement with the Company.
- 03/27/2020
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MOGU Inc. American Depositary Shares (eachrepresenting 25 Class A Ordinary Shares) (MOGU) Q3 2020 Earnings Call Transcript
- MOGU earnings call for the period ending December 31, 2019.
- 03/13/2020
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Edited Transcript of MOGU.N earnings conference call or presentation 12-Mar-20 11:30am GMT
- Q3 2020 Mogu Inc Earnings Call
- 03/12/2020
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MOGU's (MOGU) CEO Shark Chen Qi on Q3 2020 Results - Earnings Call Transcript
- MOGU Inc. (NYSE:MOGU) Q3 2020 Earnings Conference Call March 12, 2020 7:30 AM ET Company Participants Sean Zhang – Director-Investor Relations Shark Chen Qi – C
- 03/12/2020
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MOGU Announces Third Quarter Fiscal Year 2020 Unaudited Financial Results
- MOGU Inc. (NYSE: MOGU) ("MOGU" or the "Company"), a leading online fashion and lifestyle destination in China, today announced its unaudited financial results for the third quarter of fiscal year 2020 ended December 31, 2019.
- 03/12/2020
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Meili (MOGU) to Release Earnings on Thursday
- Meili (NASDAQ:MOGU) is scheduled to be releasing its earnings data before the market opens on Thursday, March 12th. Persons that are interested in participating in the company’s earnings conference call can do so using this link. Shares of NASDAQ MOGU opened at $1.72 on Tuesday. Meili has a 1 year low of $1.72 and a […]
- 03/10/2020
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MOGU to Report Third Quarter Fiscal Year 2020 Financial Results on March 12, 2020
- MOGU Inc. (NYSE: MOGU) ("MOGU" or the "Company"), a leading online fashion and lifestyle destination in China, today announced that it will report its unaudited financial results for the third quarter of fiscal year 2020 ended December 31, 2019, before U.S. markets open on Thursday, March 12, 2020.
- 02/28/2020
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MOGU Inc. Announces Resignation of Senior VP of Technology
- MOGU Inc. (NYSE: MOGU) ("MOGU" or the "Company"), a leading online fashion and lifestyle destination in China, today announced that its senior vice president of technology, Mr. Xianjie Zeng, is resigning from his position at the Company for personal reasons, effective February 28, 2020. Mr. Zeng’s resignation did not result from any disagreement with the Company.
- 02/27/2020
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Investors Who Bought MOGU (NYSE:MOGU) Shares A Year Ago Are Now Down 88%
- It's not a secret that every investor will make bad investments, from time to time. But it's not unreasonable to try...
- 02/17/2020
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Companies Like MOGU (NYSE:MOGU) Are In A Position To Invest In Growth
- We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
- 01/27/2020
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Meili (NASDAQ:MOGU) Stock Price Down 5.3%
- Meili Inc. (NASDAQ:MOGU)’s stock price dropped 5.3% during mid-day trading on Friday . The company traded as low as $2.13 and last traded at $2.13, approximately 491 shares were traded during mid-day trading. A decline of 99% from the average daily volume of 64,613 shares. The stock had previously closed at $2.25. The business’s 50 […]
- 01/26/2020
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10 Internet Retail Stocks Moving In Thursday's Session
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Gainers
• Jumia Technologies, Inc. (NYSE:JMIA) stock increased by 5.3% to $8.53 during Thursday's regular session. The most recent rating by RBC Capital, on...
- 01/23/2020
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5 Beaten-Down Chinese Stocks Set to Rebound in 2020
- As the de-escalation in the trade war augurs well for the reeling Chinese economy, stocks that got battered in 2019 have a chance to bounce back in 2020.
- 12/20/2019
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Wall Street Suggests These Falling Knives
- They have a low financial burden ,which decreases bankruptcy risk Continue reading...
- 12/12/2019
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MOGU Inc. Announces Changes to Board and Committee Composition
- Also effective November 29, 2019, Ms. Wendy Hayes resigned as a director of the Company for personal reasons, and Mr. Qi Chen stepped down as a member of the audit committee of the board of directors of the Company. Ms. Hayes' resignation did not result from any disagreement with the Company.
- 11/29/2019
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MOGU Announces Second Quarter Fiscal Year 2020 Unaudited Financial Results
- - Live Video Broadcast Business Maintains Triple Digit Growth Momentum
- 11/29/2019
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Should You Avoid MOGU Inc. (MOGU)?
- Is MOGU Inc. (NYSE:MOGU) a good bet right now? We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage of […]
- 11/24/2019
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MOGU to Report Second Quarter Fiscal Year 2020 Financial Results on November 29, 2019
- MOGU Inc. , a leading online fashion and lifestyle destination in China, today announced that it will report its unaudited financial results for the second quarter of fiscal year 2020 ended September 30, 2019, before U.S.
- 11/22/2019
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We're Keeping An Eye On MOGU's (NYSE:MOGU) Cash Burn Rate
- Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
- 11/18/2019
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MOGU Sees Hammer Chart Pattern: Time to Buy?
- MOGU has been struggling lately, but the selling pressure may be coming to an end soon.
- 11/05/2019
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Ensemble Capital Goes to China | Intrinsic Investing
- This is part I in a five part series about Ensemble’s recent trip to China. Ensemble does not currently make direct […]
- 10/23/2019
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Why Is MOGU Trading 80% Below Its IPO Price?
- This Chinese online fashion company's IPO managed to crash and burn in less than a year.
- 08/27/2019
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MOGU Inc. (MOGU) Q1 2020 Earnings Call Transcript
- MOGU earnings call for the period ending June 30, 2019.
- 08/27/2019
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Why Overstock.com, Zogenix, and Mogu Slumped Today
- One of these stocks continued to see fallout from recent executive moves.
- 08/26/2019
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When Can We Expect A Profit From MOGU Inc. (NYSE:MOGU)?
- MOGU Inc.'s (NYSE:MOGU): MOGU Inc. operates as an online fashion and lifestyle destination in China. With the latest...
- 05/22/2019
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MSA Capital’s Ben Harburg Finds Niche Market AI Startups Still Attractive
- MSA Capital's Ben Harburg Finds Niche Market AI Startups Still Attractive – China Money Network - China Money Network
- 03/22/2019
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JNUG, TVIX, VCYT, AAXN, IIN, WTW
- Stocks Analysis by Harry Boxer covering: Intuitive Surgical Inc, Axon Enterprise Inc, IntriCon Corporation, WW International Inc. Read Harry Boxer's latest article on Investing.com
- 01/04/2019
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