Mogujie will allocate up to US$20 million to digital assets

On September 11, according to the official announcement, the board of directors of social e-commerce platform MOGU Inc. approved the strategic allocation of up to US$20 million in company assets to digital currencies, mainly including Bitcoin, Ethereum and Solana and its related securities and investment products. The board of directors believes that by integrating digital assets into core assets, the company can not only diversify its treasury holdings, but also enhance the operational capabilities required for the next generation of AI products and services.