Tencent-Backed Women's Fashion Site Merges With China RivalBy
Meilishuo, Mogujie have combined $3 billion in online sales
Hillhouse Capital an investor in both e-commerce websites
China’s Meilishuo.com, a fashion retailer backed by Tencent Holdings Ltd., is merging with rival Mogujie.com to form a company with $3 billion in sales, marking the latest alliance in the country’s e-commerce industry.
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