Tencent-Backed Fashion Site Mogu Halves IPO Valuation Goal - Bloomberg

Bloomberg

Tencent-Backed Fashion Site Mogu Halves IPO Valuation Goal Bloomberg Mogu Inc., a Chinese startup selling fashion and cosmetics online, is targeting a reduced valuation of $2 billion in its U.S. initial public offering amid a market rout that has hit demand for tech stocks, people familiar with the matter said. More ... and more »