Tencent-Backed Women's Fashion Site Merges With China Rival

  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.