Hopu, TBP Capital Lead $200M Series D For Mogujie

Hangzhou-based Chinese female e-commerce platform Mogujie says it has raised US$200 million in series D financing, the company announced on its official Weibo account.

Hopu Investment Management Co. and TBP Capital led the round. Existing investors Qiming Venture Partners, IDG Capital Partners and Banyan Capital also participated.

The latest round valued the company at US$1 billion, though this information cannot be confirmed.

Mogujie previously received several million U.S. dollar series A funding from TBP Capital and Bertelsmann Asia Investments in 2011.

In January 2012, the company received series B financing from Qiming and Bertelsmann worth tens of millions U.S. dollars. In October, it received series C funding from IDG Capital, Qiming and Bertelsmann with similar amount of funds raised as its previous round.

Founded in 2011, Mogujie is a social sharing and shopping platform focused on young female consumers. The company, with web platforms and mobile apps, claims it has over 80 million registered users.

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