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.
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.
The round, which reportedly valued Mogujie at $1bn, also included the Goldman Sachs-backed Magnolia Fund, private equity firm Hopu Fund, venture capital firm Qiming Venture Partners, TBP Capital and Banyan Funds.
IDG first invested an…
