Mogujies revenue is the ranked 10th among its top 10 competitors. Deals krasia actionable insights for entrepreneurs. The rise of chinas silicon dragon 2 the rise of chinas silicon dragon on 19 september 2014, the secret was well and truly out. The name of meilishuo means beauty talk conversation on beauty.
The company offers its products through mobile apps, including flagship mogujie app, miniprograms on weixin, weixin pay and qq wallet entryways, and mogujie. Launched in mid2017, its miniprogram quickly acquired 500,000 users within its first twelve days of launching, and this quickly grew to 90 million within half a year. Chinese social shopping startup mogujie to take over rival wsj. The innovation summit 2016 examined what lessons the worlds great innovators can offer china, and what ideas and insights it can share in return.
Mogujiemeilishuo merger may create fashion powerhouse. This e book provides a list of top 200 mobile apps by the number of monthly active users mau. Mogujie then started to develop its inhouse ecommerce business and acquired its major rival meilishuo in 2016. Mar, 2014 meilishuo, a shopping guide for the chinese women. Why we invested in poshmark hans tung at ggv capital. Sikusiku competitors, revenue and employees owler company. On the mogujie app, you can watch live streamers try on various pieces of clothing and announce limited time offers for these items, which can be purchased with one click. He is the senior contributing editor at outlook, accentures journal. We should also add that if you, as a client or prospect, would like to check our coverage of a particular site, let us know and if we dont cover it, well look into adding it. Mr nunes is coauthor of three books and has written numerous articles and book chapters on marketing and business strategy. This website helps chinese women to find the ideal clothing, cosmetics products, bags, shoes, accessories which are best suited to them. Chinese social shopping startup mogujie to take over rival. Meilishuo, started up in 2009, and is a successful online marketplace selling clothes, shoes and handbags.
Youkutudou, ucweb, didi chuxing, mogujiemeilishuo and mediav, and he currently serves on the boards of aiwujiwu, grabtaxi, tujia, douguo and. The three cofounders now serve as the companys chairman and ceo, coo, and director, respectively. Exploring consumers impulse buying behavior on social. Before then, awareness of chinas internet landscape by outsiders was typically focused on cyber security, the great firewall or generalisations of chinese internet companies as simply equivalents to well. Willson cuaca is the founding and managing partner of east ventures, an early stage investment fund with a focus on consumer internet, mobile and saas. Dec 01, 2017 on the mogujie app, you can watch live streamers try on various pieces of clothing and announce limited time offers for these items, which can be purchased with one click. Engage more chinese customers with little red book china. Meilishuo s struggles in fundraising created a bigger incentive for the company to accept the takeover deal, which values mogujie twice as much as meilishuo, the sources said. The company offers its products through mobile apps, including flagship mogujie app, miniprograms on weixin, weixin pay and qq wallet entryways, and and websites to users. Princess cleo of mytica confronts violence for the first time in her life when a shocking murder sets her kingdom on a path to collapse. The online marketplace targets female consumers, predominantly selling clothes, shoes, bags and skin care products. Apr 17, 2018 meilishuo, started up in 2009, and is a successful online marketplace selling clothes, shoes and handbags. Meili inc, created through a merger between meilishuo and mogujie in 2o16, is an ecommerce platform focused on fashion. How mogujie is using livestreaming and wechat mini.
For centuries, chinas great strategists and imperial advisors relied on the ancient chinese art of face reading, for everything from selecting suitable imperial scholars to handling diplomatic relations with rival states. Mian xiang discover face reading your guide to the art of. Chinas creatives cry as site is blocked in the prc. Click to download the executive summary until recently, china was considered an innovation absorber, simply copying ideas from elsewhere to roll out to local and foreign markets. How mogujie leveraged wechat miniprograms to grow its base. Users can search for experts, shops, group buying sites, and share online shopping links and information on their favorite products. Another ecommerce site meili united group, that also has tencent as an investor and develops from the merger of fashion ecommerce startups meilishuo and mogujie in 2016, has also attracted 20 million new customers since its wechat miniprogram launch. Mogu declined to comment on the matter, the report added. Mogujie, which means mushroom street in english, will acquire meilishuo through share swap, it announced today. Mogujie competitors, revenue and employees owler company. The increasing influence of wechat miniprograms english.
Jan 11, 2016 chinas, a fashion retailer backed by tencent holdings ltd. This is not the book written by mao zedong, but a social ecommerce platform aimed at the 18 to 35 yearold urban chinese woman seeking to find and buy. How mogujie is using livestreaming and wechat miniprograms. The top 10 competitors in sikusikus competitive set are wild pit, rubicon entertainment, mogujie, pitchpype, tmall, pabbos, taobao, meilishuo, little red book and qubitekk. Nov 12, 2018 mogujie then started to develop its inhouse ecommerce business and acquired its major rival meilishuo in 2016. Once a privileged royal, cleo must now summon the strength to survive in this new world and fight for her rightful place as queen. In 2016, the merger of mogujie and meilishuo was completed. Chinese netizens are angry and disappointed, while some are outright devastated. All attendees are required to book their own accommodation individually. Chinas meilishuo looks for a us listing as chinese mainland. Dec 16, 2014 meilishuo has 32 million users, with 3. Chinas, a fashion retailer backed by tencent holdings ltd. Tencentbacked womens fashion site merges with china.
Chinas meilishuo looks for a us listing as chinese. But the governments issues go far deeper than one ignorant man. Jan 10, 2016 mogujie, which means mushroom street in english, will acquire meilishuo through share swap, it announced today. Statistics provided include the name of the app, mau, mau growth yoy, dau, average monthly sessions per user, tgifashion lovers, and tgicar owners. The top 10 competitors in mogujies competitive set are tmall, pabbos, taobao, little red book, tenacious techies, farfetch, koudai shopping, netaporter, beidian and polyvore.
The company was founded in 2009 by xu yiron, and started its focus by helping overseas travelers to draft a shopping list before they travel. As of january 2018, there are already more than 580,000 wechat miniprograms, compared to 500,000 mobile apps that apples app store published from 2008 to 2012 wechat miniprograms also have an estimated 170 million active users every day and 50% of them are from first and secondtier chinese cities. That year, it merged with mogujie, founded in 2011 with about m registered users. Photocfp combined business of female fashion shopping. Mogu inc is an online fashion and lifestyle destination in china. As of 2016, it had about 15,000 merchants on its website and a mobile application that had been downloaded 100m times. Headquartered in hangzhou, china, mogu was founded in 2011 by former alibaba engineer chen qi, along with xue yuqiang and wei yibo. Mogujie was one of the first ecommerce players to take advantage of the wechat miniprogram feature.
Nearly 35% of meilishuos users are in beijing, shanghai, guangzhou and shenzhen. Tencentbacked womens fashion site merges with china rival. The biggest rival to meilishuo in china is mogujie, the very similar and even more fancifully named social pinboard site that we described earlier this. Tencent, a former investor of meilishuo, become a major shareholder of the merged company through additional investment, moving a step further in its attempt to encroach on alibabas home turf in the ecommerce business. The three cofounders now serve as the companys chairman and ceo, coo, and director. Gansu mongolian history of paperback ren wen jun on. Sep 06, 2012 the biggest rival to meilishuo in china is mogujie, the very similar and even more fancifully named social pinboard site that we described earlier this year as a social commerce money. Its platform allows people to discover and share fashion trends while fully enjoying the shopping experience. The new chinese giants aiming to unseat alibaba and tencent. Check out the detailed top mobile apps list in china market here and download ciw dossier. Another example is xiaohongshu, or little red book. Introducing master trainer and bestselling author joey yaps new book, mian xiang discover face reading. Meilishuo femaleonly social shopping by stanford founder, whose former venture sold to douban. On xiaohongshu which means little red book, you can follow fashion bloggers, view their photos where items are tagged by brand, and purchase the featured item all.
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