Exclusive: China's well-known e-commerce platform Mogujie has invested in mainstream cryptocurrencies in Q2 and adopted digital assets to promote decentralized AI development and fund management Exclusive news from BlockBeats: On September 11th, MOGU Inc., a well-known Chinese e-commerce platform, announced that in the second quarter of this year, the company's board of directors approved the strategic allocation of corporate assets to digital currencies, mainly including Bitcoin, Ethereum, Solana, as well as related securities and investment products. At the same time, relying on the company's deep AI research and development accumulation, this measure accelerates the company's entry into decentralized AI applications and services, and strengthens the diversification of funds and long-term value preservation. As part of its strategic roadmap, the company is building an ecosystem empowered by blockchain. In AI products, digital assets will become the main way for users to access and interact. Users can use their purchased digital assets to access AI applications, services, and advanced features, and earn or consume digital assets within the platform. This on chain circulation framework directly utilizes the company's holdings of digital currencies such as Bitcoin, Ethereum, Solana, etc., enabling the company to experiment, adopt, and expand new product incentive and utility models. The company has started to strategically purchase digital currencies through regulated trading platforms such as HashKey, as a store of value and potential appreciation asset, directly participating in and obtaining decentralized computing, data, and incentive layers, providing key support for the evolution of decentralized AI products. The above actions are fully in line with global technology trends and our forward-looking innovation strategy. According to public information, MOGU Inc. was founded in 2011 and is a social e-commerce platform focused on women's fashion. The company has received investments from institutions such as Qiming Venture Capital, Bertelsmann Asia Fund, IDG Capital, Gaorong Capital, Ping An Innovation Investment Fund (Ping An Venture Capital), and Tiantu Capital, raising over $400 million in six rounds of financing. It was officially listed on the New York Stock Exchange in December 2018. As of press time, the market value of MOGU stock is 20.43 million US dollars.