US Stock: Mogu Inc. falls to $4.97, with a market cap of $40.9 million

BlockBeats News, September 11th, the stock price of Mogu Inc. in the US stock market fell to $4.97, with an intraday gain narrowing to 99.24%, and the market value temporarily reported at $40.9 million. Previously, the company's stock price had once surged over 200%, breaking through $8.1.

Earlier today, BlockBeats reported that the well-known Chinese e-commerce platform Mogu Inc. announced in the second quarter of this year that the company's board of directors approved a strategic allocation of corporate assets to digital currencies, mainly including Bitcoin, Ethereum, and Solana, as well as related securities and investment products. At the same time, leveraging the company's deep AI research and development capabilities, this move accelerates the company's entry into decentralized AI applications and services, while also strengthening fund diversification and long-term value preservation.