Mogu's stock price fell to $4.97, with a market capitalization currently reported at $40.9 million.

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On September 11, shares of U.S. stock Mogu Inc. fell to $4.97, with the intraday increase narrowing to 99.24%, and the market capitalization 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 that in the second quarter of this year, the company's board approved the strategic allocation of corporate assets to Digital Money, mainly including Bitcoin, Ether, and Solana, as well as related securities and investment products. Meanwhile, relying on the company's deep accumulation of AI research and development, this initiative accelerates the company's entry into Decentralization AI applications and services on one hand, and strengthens the diversification of funds and the long-term preservation of value on the other.

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