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The well-known Chinese e-commerce platform Mogu Street has invested in a mainstream cryptocurrency in Q2 and has adopted digital assets to promote decentralized AI development and fund management.

4 hours ago

Rhythm BlockBeats Exclusive News: On September 11th, China's renowned e-commerce platform Mogu Street (MOGU Inc.) declared that during the second quarter of this year, the company's board of directors gave the green light to a strategic allocation of corporate assets towards digital currency. This mainly encompassed Bitcoin, Ethereum, and Solana, along with relevant securities and investment products. Simultaneously, by leveraging the company's profound AI research and development capabilities, this move will expedite the company's entry into decentralized AI applications and services on one hand and enhance fund diversification and long-term value preservation on the other. As part of the strategic roadmap, the company is constructing a blockchain-enabled ecosystem. In AI products, digital assets will serve as the primary means for users to access and interact. Users can utilize their owned digital assets to obtain AI applications, services, and advanced features, and earn or consume digital assets on the platform. This on-chain circulation framework directly makes use of the company's holdings of Bitcoin, Ethereum, Solana, and other digital currencies, enabling the company to experiment with, adopt, and expand new product incentive and utility models. The company has already initiated the strategic purchase of digital currencies through regulated trading platforms (such as HashKey) as a store of value and a potential appreciation asset. It is actively participating in and reaping benefits from the decentralized computing, data, and incentive layers, providing crucial support for the evolution of decentralized AI products. These actions are in perfect harmony with global technology trends and our forward-looking innovation strategy. Public information reveals that Mogu Street (MOGU Inc.) was established in 2011 and is a social e-commerce platform specializing in women's fashion. The company was officially listed on the New York Stock Exchange in December 2018.
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