Mogujie will allocate up to $20 million in digital assets to advance decentralized AI development and treasury management.

The board of directors of social e-commerce platform MOGU Inc. has approved a strategic allocation of up to $20 million of the company's assets to digital currencies, primarily Bitcoin, Ethereum, and Solana, as well as related securities and investment products. The board believes that by integrating digital assets into its core holdings, the company will not only diversify its treasury holdings but also enhance the operational capabilities required for next-generation AI products and services.