Mogujie agreed to acquire Meilishuo from All-Stars Investment Limited, BlueRun Ventures, GGV Capital IV fund managed by GGV Capital, Hillhouse Capital Management, Ltd. and others for $2.4 billion in stock on January 3, 2016. MOGU raised Series D preferred share financing and Tencent made an investment in the combined entity. Katie Sudol, Shaolin Luo, Yang Wang, Sandra Kister, Matthew Schwartz, Amy Liu, Xiaoyu Ding, Tristan Brown and Linda Barrett of Simpson Thacher acted as legal advisors for MOGU. Charles Ching of Weil Gotshal & Manges acted as legal advisor to Hillhouse Capital. Z. Julie Gao, Will Cai and Haiping Li of Skadden, Arps acted as legal advisors for Meilishuo. China Renaissance Partners acted as financial advisor for the management teams.

Mogujie completed the acquisition of Meilishuo from All-Stars Investment Limited, BlueRun Ventures, GGV Capital IV fund managed by GGV Capital, Hillhouse Capital Management, Ltd. and others in January 2016.