Mogujie, Chinese social shopping platform, announced today US$200 million in Series D funding from a group of investors including Hopu Fund, TBP Capital, Qiming Venture Partners, IDG Capital Partners, and Banyan Fund. It is reported the company is valued at US$1 billion.

It’s unknown whether the reported acquisition talks with Alibaba Group were called off, or it’s just a false rumor.

Starting as a Pinterest-style social sharing site in 2011, Mogujie claims it has had 80 million users, with 35 million being monthly active on mobile.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com