Mogu (MOGU) has released an update.
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Mogu Inc., a prominent online fashion platform in China, reported a challenging first half of fiscal year 2025, with a 25.7% decrease in total revenues due to intense market competition and declining consumer spending. The company is responding by exploring new business opportunities, such as signing fashion KOLs and forming live-streaming partnerships, to drive growth beyond its core platform. Despite these efforts, Mogu faced a net loss of RMB24.1 million, highlighting the need for continued cost reduction and efficiency improvements.
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