Rumor: Social eCommerce & Pinterest-like Service Mogujie Acquired by Taobao

Mogujie, the Hangzhou-based leading Chinese social ecommerce site and Pinterest-like service is rumored to be acquired by Taobao, according to a VC friend. She said the deal has almost been closed and the valuation of Mogujie is unknown.

Mogujie is growing amazing fast. According the infographic released by Mogujie back in March this year,

Also according to a spokesman from Taobao affiliation program, he said, Mogujie now can earn rmb ~100k commission fee from the transactions. And, Mogujie also confirmed that every month it can generate rmb ~160million turnover  on Taobao.

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