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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 Company and a member of the compensation committee (the "Compensation Committee") of the board (the "Board") of directors of the Company due to personal reasons, effective April 19, 2023. 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
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")
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, 2024 and fiscal year 2024. Mr. Fan Yiming, Chief Executive Officer of MOGU, commented, "In the second half of 2024, competition in China's online retail industry continued to intensify. Having entered its seventh year, the live streaming e-commerce industry is experiencing a new lifecycle of key opinion leaders (KOLs). Major platforms are overseeing the rise and cultivation of new KOLs, while veteran KOLs are cycling out of mainstream prominence. With evolving dynamics and challenges spanning the
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$8 million of its ordinary shares in the form of American Depositary Shares, effective until May 13, 2025. The Company expects to fund the repurchases under this program with its existing cash balance. The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market co
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, 2023. Mr. Fan Yiming, Chief Executive Officer of MOGU, commented, "Throughout 2023, China's online retail industry experienced heightened competition, with the focus shifting from customer scale to customer value on the various platforms. Against the backdrop of a saturated online traffic environment and escalating customer acquisition costs, our new customer acquisition fell short of expectations. In the first half of fiscal year 2024, our gross merchandise value (GMV1) decreased by 22.3% ye
MOGU Inc. (NYSE:MOGU) ("MOGU" or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced that it has canceled its earnings conference call and live webcast for the second quarter fiscal year 2022 previously scheduled at 6:30 AM U.S. Eastern Time on Thursday, December 23, 2021 (7:30 PM Beijing/Hong Kong Time on the same day). 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 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 on the same day). Dial-in numbers for the live conference call are as follows: International: +1 647 689 5649 Mainland China, North: +86 108 007 141 191 Mainland China, South: +86 108 001 401 195 United States: +1 877 824 0239 Hong K
- GMV from Live Video Broadcast ("LVB") for the First Quarter Accounted for 90.8% of total GMV 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 grow, rising by 14.7% year-over-year and accounting for 90.8% of our total GMV during the quarter. Younger consumers are shaping many new
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MOGU (NYSE:MOGU) reported quarterly losses of $(0.95) per share. This is a 22.76 percent increase over losses of $(1.23) per share from the same period last year. The company reported $22.20 million in sales this quarter. This is a 34.31 percent decrease over sales of $33.79 million the same period last year.
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