MOGU Inc. (NYSE: MOGU) to acquire sub-1% stake in AI infrastructure firm

Rhea-AI Filing Summary

MOGU Inc. reported that on December 24, 2025, its indirect wholly owned subsidiary, Hangzhou Shiqu Information and Technology Co., Ltd., entered into a share transfer agreement with a seller to acquire less than 1.0% of the registered capital of a target company in China that operates in AI infrastructure technology. The agreed total consideration is RMB 0.1billion (approximately US$14.2 million).

The agreement includes customary representations, warranties and indemnification rights for both parties, indicating a standard private transaction structure. Through this move, MOGU is gaining exposure to a business focused on AI infrastructure technology while continuing to operate its core KOL-driven online fashion and lifestyle platform in China.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of December 2025

Commission File Number 001-38748

MOGU Inc.

(Translation of registrant’s name into English)

Mingqi Center, 8/F

Building No. 1

No. 666 Zhenhua Road

Xihu District, Hangzhou, 310012

People’s Republic of China

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐

Entry into a Material Definitive Agreement

On December 24, 2025, Hangzhou Shiqu Information and Technology Co., Ltd., MOGU Inc's indirect wholly owned subsidiary, entered into a share transfer agreement (the “Agreement”) with a seller (the “Seller”). Pursuant to the Agreement, the seller agreed to sell, and the purchaser agreed to acquire, less than 1.0% of the registered capital of a target company (the “Target Company”) for a total consideration of RMB 0.1billion (equivalent to approximately US$14.2 million).

The Agreement contained customary representations and warranties and agreements of the Seller and customary indemnification rights and obligations of the parties.

The Target Company is a company incorporated in People’s Republic of China that engages in AI Infrastructure technology.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,”

“estimates” and similar statements. MOGU may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MOGU’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in our annual report on Form 20-F, the 6-K and other documents filed with the SEC. All information provided in this announcement is as of the date of this announcement, and MOGU does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About MOGU Inc.

MOGU Inc. (NYSE: MOGU) is a KOL-driven online fashion and lifestyle destination in China. MOGU provides people with a more accessible and enjoyable shopping experience for everyday fashion, particularly as they increasingly live their lives online. By connecting merchants, KOLs and users together, MOGU’s platform serves as a valuable marketing channel for merchants, a powerful incubator for KOLs, and a vibrant and dynamic community for people to discover and share the latest fashion trends with others, where users can enjoy a truly comprehensive online shopping experience.

For investor and media inquiries, please contact:

MOGU Inc.

Ms. Qi Feng

Phone: +86-571-8530-8201

E-mail: ir@mogu.com

Christensen

In China

Mr. Christian Arnell

Phone: +852-2232-3980

E-mail: christian.arnell@christensencomms.com

In the United States

Ms. Linda Bergkamp

Phone: +1-480-614-3004

Email: linda.bergkamp@christensencomms.com

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	MOGU Inc.
	By:	/s/ Qi Chen
	Name:	Qi Chen
	Title:	Chairman

 Date: December 24, 2025

FAQ

What transaction did MOGU Inc. (MOGU) disclose in this 6-K filing?

MOGU Inc. disclosed that its indirect wholly owned subsidiary, Hangzhou Shiqu Information and Technology Co., Ltd., entered into a share transfer agreement on December 24, 2025 to acquire less than 1.0% of the registered capital of a target company in China.

How much is MOGU Inc. paying for the AI infrastructure stake?

The total consideration for the acquisition of less than 1.0% of the target company’s registered capital is RMB 0.1billion, which is stated to be approximately US$14.2 million.

What industry does the target company in MOGU Inc.’s deal operate in?

The target company that MOGU’s subsidiary agreed to invest in is incorporated in the People’s Republic of China and engages in AI infrastructure technology.

Which MOGU Inc. subsidiary is involved in the share transfer agreement?

The share transfer agreement was entered into by Hangzhou Shiqu Information and Technology Co., Ltd., which is described as MOGU Inc.’s indirect wholly owned subsidiary.

What legal protections are included in MOGU Inc.’s share transfer agreement?

The agreement includes customary representations and warranties and customary indemnification rights and obligations for the seller and the parties involved, which are typical protections in such transactions.

What does MOGU Inc. state about forward-looking statements in this announcement?

MOGU notes that this announcement contains forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and highlights that such statements involve inherent risks and uncertainties, with further information available in its Form 20-F and other SEC filings.

What is MOGU Inc.’s core business according to this filing?

MOGU Inc. describes itself as a KOL-driven online fashion and lifestyle destination in China, connecting merchants, key opinion leaders (KOLs) and users to provide an accessible and enjoyable online shopping experience for everyday fashion.