MOGU Announces Third Quarter Fiscal Year 2021 Unaudited Financial Results
MOGU Inc. (NYSE: MOGU) reported its Q3 fiscal year 2021 results, with total revenues decreasing by 45.6% to RMB 146.5 million (US$22.5 million). The Company’s Live Video Broadcast (LVB) business grew by 20.9% year-over-year, accounting for 80.3% of total GMV. Net loss narrowed to RMB 36.7 million (US$5.6 million), and adjusted EBITDA turned positive at RMB 1.2 million (US$0.2 million). Cash and equivalents were RMB 820.1 million as of December 31, 2020. The management remains optimistic about leveraging KOLs for future growth.
- LVB business grew by 20.9% year-over-year, reflecting successful strategy shift.
- Net loss narrowed significantly, indicating improved operational efficiency.
- Adjusted EBITDA turned positive at RMB 1.2 million, showcasing better cost management.
- Total revenues decreased by 45.6%, raising concerns about overall sales performance.
- Commission revenues fell by 29.8%, impacted by restructuring towards LVB-focused model.
- Marketing services revenues decreased by 75.9%, indicating a substantial drop in advertising income.
MOGU Inc. (NYSE: MOGU) (“MOGU” or the "Company"), a leading KOL-driven online fashion and lifestyle destination in China, today announced its unaudited financial results for the third quarter of fiscal year 2021 ended December 31, 2020.
“Our KOLs on MOGU Live are increasingly important as they continuously provide differentiated shopping experience,” said Chen Qi, Chairman and Chief Executive Officer of MOGU. “Looking forward, we aim to further amplify our KOLs' fashion influence. We are confident that we can leverage their supply chain and fashion curation capabilities to serve wider audience from offline and overseas."
"MOGU Live is our key growth driver and it has delivered
Third Quarter Fiscal Year 2021 Highlights
■ Live Video Broadcast business continued to grow stronger with associated GMV for the third quarter of fiscal year 2021 increasing by
■ Gross Merchandise Value (GMV2) for the third quarter of fiscal year 2021 was RMB5,046 million (US
Third quarter Fiscal Year 2021 Financial Results
Total revenues decreased by
-
Commission revenues decreased by
29.8% to RMB99.2 million (US$15.2million ) from RMB141.2million in the same period of fiscal year 2020, primarily due to the restructuring of the Company’s business towards a LVB-focused model.
-
Marketing services revenues decreased by
75.9% to RMB17.4 million (US$2.7million ) from RMB72.5 million in the same period of fiscal year 2020. The decrease was primarily due to the restructuring of the Company’s business towards a LVB-focused model.
-
Other revenues decreased by
46.4% to RMB29.9 million (US$4.6million ) from RMB55.9 million in the same period of fiscal year 2020, primarily due to a decrease in online direct sales.
Cost of revenues decreased by
Sales and marketing expenses decreased by
Research and development expenses decreased by
General and administrative expenses decreased by
Amortization of intangible assets increased by
Loss from operations was RMB123.2 million (US
Net gain from investments was RMB 91.2 million (US
Net loss attributable to MOGU Inc.’s ordinary shareholders was RMB36.7 million (US
Adjusted EBITDA4 was RMB1.2 million (US
Adjusted net loss5 was RMB8.9 million (US
Basic and diluted loss per ADS were RMB 0.36 (US
Cash and cash equivalents, Restricted cash and Short-term investments were RMB820.1 million (US
Conference Call
MOGU's management will host an earnings conference call at 6:30 AM U.S. Eastern Time on Thursday, February 25, 2021 (7:30 PM Beijing/Hong Kong Time on the same day).
Dial-in numbers for the live conference call are as follows:
International: |
+1 647 689 5649 |
Mainland China, North: |
+86 108 007 141 191 |
Mainland China, South: |
+86 108 001 401 195 |
United States: |
+1 877 824 0239 |
Hong Kong: |
+852 800 901 563 |
Passcode: |
Mogu |
A telephone replay of the call will be available after the conclusion of the conference call until 11:59 PM ET on March 4, 2021.
Dial-in numbers for the replay are as follows: |
|
International: |
+1 416 621 4642 |
United States: |
+1 800 585 8367 |
Passcode: |
1353957 |
A live and archived webcast of the conference call will be available on the Investor Relations section of MOGU’s website at http://ir.mogu-inc.com.
Use of Non-GAAP Financial Measures
In evaluating the business, the Company considers and uses nonGAAP measures, such as Adjusted EBITDA and Adjusted net profit/(loss) as supplemental measures to review and assess operating performance. The presentation of these nonGAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company defines Adjusted EBITDA as net loss before interest income, loss/(gain) from investments, net, income tax expenses, share of results of equity investee, goodwill impairment, share-based compensation expenses, amortization of intangible assets, and depreciation of property and equipment. The Company defines Adjusted net profit/(loss) as net loss excluding loss/(gain) from investments, net, goodwill impairment, share-based compensation expenses, amortization of intangible assets, and adjustments for tax effects. Beginning from the second quarter of fiscal year 2020, we combined each of (i) investment gain/(loss), (ii) gain on deconsolidation of a subsidiary and (iii) gain from investment disposals, into loss from investments. The related financial statements prior to July 1, 2019 have been recast to reflect this change. See “Unaudited Reconciliations of GAAP and NonGAAP Results” at the end of this press release.
The Company presents these nonGAAP financial measures because they are used by management to evaluate operating performance and formulate business plans. The Company believes that the nonGAAP financial measures help identify underlying trends in its business by excluding certain expenses, gain/loss and other items that are not expected to result in future cash payments or that are nonrecurring in nature or may not be indicative of the Company’s core operating results and business outlook. The Company also believes that the nonGAAP financial measures could provide further information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects.
The nonGAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The nonGAAP financial measures have limitations as analytical tools. The Company’s nonGAAP financial measures do not reflect all items of income and expense that affect the Company’s operations and do not represent the residual cash flow available for discretionary expenditures. Further, these nonGAAP measures may differ from the nonGAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the nonGAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company’s financial information in its entirety and not rely on a single financial measure.
For more information on the nonGAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and NonGAAP Results” set forth at the end of this press release.
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,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the business outlook and quotations from management in this announcement, as well as MOGU’s strategic and operational plans, contain forward-looking statements. MOGU may also make written or oral forward-looking statements in its periodic reports to 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 but not limited to statements about MOGU’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MOGU’s growth strategies; the risk that COVID-19 or other health risks in China or globally could adversely affect its operations or financial results; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s ecommerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s ecommerce market; PRC governmental policies and regulations relating to MOGU’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in MOGU’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and MOGU undertakes no obligation to update any forward-looking statement, except as required under applicable law.
About MOGU Inc.
MOGU Inc. (NYSE: MOGU) is a leading 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.
MOGU INC. |
||||||
Unaudited Interim Condensed Consolidated Balance Sheets |
||||||
(All amounts in thousands, except for share and per share data) |
||||||
As of March 31, |
As of December 31, |
|||||
2020 |
2020 |
|||||
RMB |
RMB |
US$ |
||||
ASSETS |
||||||
Current assets: |
||||||
Cash and cash equivalents |
856,567 |
659,326 |
101,046 |
|||
Restricted cash |
807 |
807 |
124 |
|||
Short-term investments |
238,000 |
160,000 |
24,521 |
|||
Inventories, net |
2,926 |
1,068 |
164 |
|||
Loan receivables, net |
113,111 |
140,262 |
21,496 |
|||
Prepayments and other current assets |
99,108 |
98,821 |
15,145 |
|||
Amounts due from related parties |
57 |
157 |
24 |
|||
Total current assets |
1,310,576 |
1,060,441 |
162,520 |
|||
Non-current assets: |
||||||
Property, equipment and software, net |
14,109 |
10,781 |
1,652 |
|||
Intangible assets, net |
813,011 |
506,050 |
77,556 |
|||
Goodwill |
186,504 |
186,504 |
28,583 |
|||
Investments |
102,373 |
62,211 |
9,534 |
|||
Other non-current assets |
14,183 |
163,111 |
24,998 |
|||
Total non-current assets |
1,130,180 |
928,657 |
142,323 |
|||
Total assets |
2,440,756 |
1,989,098 |
304,843 |
|||
|
|
|
|
|
||
LIABILITIES AND SHAREHOLDERS’ EQUITY |
||||||
Current liabilities: |
||||||
Accounts payable |
17,080 |
32,703 |
5,012 |
|||
Salaries and welfare payable |
6,032 |
22,736 |
3,484 |
|||
Advances from customers |
103 |
62 |
10 |
|||
Taxes payable |
6,342 |
14,430 |
2,211 |
|||
Amounts due to related parties |
12,018 |
6,714 |
1,029 |
|||
Accruals and other current liabilities |
393,536 |
336,684 |
51,599 |
|||
Total current liabilities |
435,111 |
413,329 |
63,345 |
|||
Non-current liabilities: |
||||||
Deferred tax liabilities |
21,529 |
18,026 |
2,763 |
|||
Other non-current liabilities |
3,644 |
2,441 |
374 |
|||
Total non-current liabilities |
25,173 |
20,467 |
3,137 |
|||
Total liabilities |
460,284 |
433,796 |
66,482 |
|||
Shareholders’ equity |
||||||
Ordinary shares |
180 |
181 |
27 |
|||
Treasury stock |
(6,566) |
(117,296) |
(17,976) |
|||
Statutory reserves |
2,630 |
2,630 |
403 |
|||
Additional paid-in capital |
9,431,740 |
9,452,008 |
1,448,584 |
|||
Accumulated other comprehensive income |
201,796 |
86,429 |
13,246 |
|||
Accumulated deficit |
(7,649,308) |
(7,868,650) |
(1,205,923) |
|||
Total MOGU Inc. shareholders’ equity |
1,980,472 |
1,555,302 |
238,361 |
|||
Total shareholders’ equity |
1,980,472 |
1,555,302 |
238,361 |
|||
Total liabilities and shareholders’ equity |
2,440,756 |
1,989,098 |
304,843 |
|||
MOGU INC. |
|
|||||||||||||||
Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Loss |
|
|||||||||||||||
(All amounts in thousands, except for share and per share data) |
|
|||||||||||||||
For the three months ended |
For the nine months ended |
|
||||||||||||||
December 31, |
December 31, |
|
||||||||||||||
2019 |
2020 |
2019 |
2020 |
|
||||||||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
|||||||||||
Net revenues |
||||||||||||||||
Commission revenues |
141,231 |
99,179 |
15,200 |
371,928 |
253,389 |
38,834 |
||||||||||
Marketing services revenues |
72,459 |
17,431 |
2,671 |
224,833 |
59,400 |
9,103 |
||||||||||
Other revenues |
55,850 |
29,935 |
4,588 |
119,564 |
78,739 |
12,067 |
||||||||||
Total revenues |
269,540 |
146,545 |
22,459 |
716,325 |
391,528 |
60,004 |
||||||||||
Cost of revenues (exclusive of
|
||||||||||||||||
(98,591) |
(50,959) |
(7,810) |
(235,167) |
(145,244) |
(22,260) |
|||||||||||
Sales and marketing expenses |
(209,274) |
(76,543) |
(11,731) |
(534,993) |
(186,385) |
(28,565) |
||||||||||
Research and development expenses |
(31,884) |
(27,245) |
(4,175) |
(138,324) |
(83,897) |
(12,858) |
||||||||||
General and administrative expenses |
(43,000) |
(29,089) |
(4,458) |
(116,698) |
(77,337) |
(11,852) |
||||||||||
Amortization of intangible assets |
(102,898) |
(113,469) |
(17,390) |
(244,182) |
(259,697) |
(39,800) |
||||||||||
Goodwill impairment |
(1,382,149) |
|
- |
|
- |
|
(1,382,149) |
|
- |
|
- |
|||||
Other income, net |
3,372 |
27,530 |
4,219 |
11,404 |
42,380 |
6,495 |
||||||||||
Loss from operations |
(1,594,884) |
(123,230) |
(18,886) |
(1,923,784) |
(318,652) |
(48,836) |
||||||||||
Interest income |
7,430 |
4,789 |
734 |
23,218 |
15,213 |
2,331 |
||||||||||
(Loss)/Gain from investments, net |
(33,918) |
91,184 |
13,975 |
(66,550) |
91,184 |
13,975 |
||||||||||
Loss before income tax and
|
(1,621,372) |
(27,257) |
(4,177) |
(1,967,116) |
(212,255) |
(32,530) |
||||||||||
Income tax expenses |
(769) |
(9,437) |
(1,446) |
(528) |
(7,087) |
(1,086) |
||||||||||
Share of results of equity investee |
(12,497) |
- |
- |
(114,104) |
- |
- |
||||||||||
Net loss |
(1,634,638) |
(36,694) |
(5,623) |
(2,081,748) |
(219,342) |
(33,616) |
||||||||||
Net loss attributable to MOGU Inc. |
(1,634,638) |
(36,694) |
(5,623) |
(2,081,748) |
(219,342) |
(33,616) |
||||||||||
Net loss attributable to
|
(1,634,638) |
(36,694) |
(5,623) |
(2,081,748) |
(219,342) |
(33,616) |
||||||||||
Net loss |
(1,634,638) |
(36,694) |
(5,623) |
(2,081,748) |
(219,342) |
(33,616) |
||||||||||
Other comprehensive income/(loss): |
|
|
|
|
|
|
||||||||||
Foreign currency translation adjustments,
|
(16,326) |
(38,914) |
(5,964) |
86,811 |
(78,073) |
(11,965) |
||||||||||
Share of other comprehensive income /(loss)
|
123 |
- |
- |
(145) |
- |
- |
||||||||||
Unrealized securities holding losses, net of tax |
- |
(34,603) |
(5,303) |
(6,759) |
(37,294) |
(5,716) |
||||||||||
Total comprehensive loss |
(1,650,841) |
(110,211) |
(16,890) |
(2,001,841) |
(334,709) |
(51,297) |
||||||||||
Total comprehensive loss
|
(1,650,841) |
(110,211) |
(16,890) |
(2,001,841) |
(334,709) |
(51,297) |
||||||||||
Net loss attributable to
|
(1,634,638) |
(36,694) |
(5,623) |
(2,081,748) |
(219,342) |
(33,616) |
||||||||||
|
|
|
|
|
|
|
||||||||||
Net loss per share attributable
|
||||||||||||||||
Basic |
(0.60) |
(0.01) |
(0.00) |
(0.77) |
(0.08) |
(0.01) |
||||||||||
Diluted |
(0.60) |
(0.01) |
(0.00) |
(0.77) |
(0.08) |
(0.01) |
||||||||||
Net loss per ADS |
||||||||||||||||
Basic |
(14.97) |
(0.36) |
(0.05) |
(19.18) |
(2.06) |
(0.32) |
||||||||||
Diluted |
(14.97) |
(0.36) |
(0.05) |
(19.18) |
(2.06) |
(0.32) |
||||||||||
Weighted average number of shares
|
||||||||||||||||
Basic |
2,729,385,471 |
2,557,169,038 |
2,557,169,038 |
2,713,973,736 |
2,659,049,836 |
2,659,049,836 |
||||||||||
Diluted |
2,729,385,471 |
2,557,169,038 |
2,557,169,038 |
2,713,973,736 |
2,659,049,836 |
2,659,049,836 |
||||||||||
|
||||||||||||||||
Share-based compensation
|
||||||||||||||||
Cost of revenues |
1,983 |
659 |
101 |
458 |
1,908 |
292 |
||||||||||
General and administrative expenses |
12,360 |
3,290 |
504 |
33,811 |
10,828 |
1,659 |
||||||||||
Sales and marketing expenses |
3,287 |
1,420 |
218 |
8,558 |
4,041 |
619 |
||||||||||
Research and development expenses |
3,634 |
1,296 |
199 |
12,756 |
2,916 |
447 |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||
MOGU INC. |
|||||||||||
Unaudited Interim Condensed Consolidated Statements of Cash Flows |
|||||||||||
(All amounts in thousands, except for share and per share data) |
|||||||||||
For the three months ended |
For the nine months ended |
||||||||||
December 31, |
December 31, |
||||||||||
2019 |
2020 |
2019 |
2020 |
||||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Net cash (used in)/provided by
|
(37,692) |
12,052 |
1,847 |
(156,962) |
(27,929) |
(4,280) |
|||||
Net cash provided by/(used in )
|
12,937 |
94,252 |
14,445 |
(255,010) |
(36,584) |
(5,607) |
|||||
Net cash used in financing activities |
(2,049) |
(7,523) |
(1,153) |
(27,822) |
(110,154) |
(16,882) |
|||||
Effect of foreign exchange rate
|
(5,934) |
(11,150) |
(1,709) |
28,414 |
(22,574) |
(3,460) |
|||||
Net (decrease)/increase in cash
|
(32,738) |
87,631 |
13,430 |
(411,380) |
(197,241) |
(30,229) |
|||||
Cash and cash equivalents and
|
899,074 |
572,502 |
87,740 |
1,277,716 |
857,374 |
131,399 |
|||||
Cash and cash equivalents and
|
866,336 |
660,133 |
101,170 |
866,336 |
660,133 |
101,170 |
|||||
MOGU INC. |
||||||||||||||
Reconciliations of GAAP and Non-GAAP Results |
||||||||||||||
(All amounts in thousands, except for share and per share data) |
||||||||||||||
For the three months ended |
For the nine months ended |
|||||||||||||
December 31 |
December 31, |
|||||||||||||
2019 |
2020 |
2019 |
2020 |
|||||||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
|||||||||
Net loss |
(1,634,638) |
(36,694) |
(5,623) |
(2,081,748) |
(219,342) |
(33,616) |
||||||||
Add: |
Share of result of equity investees |
12,497 |
- |
- |
114,104 |
- |
- |
|||||||
Add: |
Loss/(gain) from investments, net |
33,918 |
(91,184) |
(13,975) |
66,550 |
(91,184) |
(13,975) |
|||||||
Add: |
Goodwill impairment |
1,382,149 |
|
- |
|
- |
|
1,382,149 |
|
- |
|
- |
||
Add: |
Income tax expenses |
769 |
9,437 |
1,446 |
528 |
7,087 |
1,086 |
|||||||
Less: |
Interest income |
(7,430) |
(4,789) |
(734) |
(23,218) |
(15,213) |
(2,331) |
|||||||
Loss from operations |
(212,735) |
(123,230) |
(18,886) |
(541,635) |
(318,652) |
(48,836) |
||||||||
Add: |
Share-based compensation expenses |
21,264 |
6,665 |
1,022 |
55,583 |
19,693 |
3,017 |
|||||||
Add: |
Amortization of intangible assets |
102,898 |
113,469 |
17,390 |
244,182 |
259,697 |
39,800 |
|||||||
Add: |
Depreciation of property and equipment |
1,877 |
4,298 |
659 |
5,342 |
7,881 |
1,208 |
|||||||
Adjusted EBITDA |
(86,696) |
1,202 |
185 |
(236,528) |
(31,381) |
(4,811) |
||||||||
Net loss |
(1,634,638) |
(36,694) |
(5,623) |
(2,081,748) |
(219,342) |
(33,616) |
||||||||
Add: |
Loss/(gain) from investments, net |
33,918 |
(91,184) |
(13,975) |
66,550 |
(91,184) |
(13,975) |
|||||||
Add: |
Share-based compensation expenses |
21,264 |
6,665 |
1,022 |
55,583 |
19,693 |
3,017 |
|||||||
Add: |
Goodwill impairment |
1,382,149 |
|
- |
|
- |
|
1,382,149 |
|
- |
|
- |
||
Add: |
Amortization of intangible assets |
102,898 |
113,469 |
17,390 |
244,182 |
259,697 |
39,800 |
|||||||
Less: |
Adjusted for tax effects |
(1,161) |
(1,161) |
(178) |
(1,548) |
(3,483) |
(534) |
|||||||
Adjusted net loss |
(95,570) |
(8,905) |
(1,364) |
(334,832) |
(34,619) |
(5,308) |
||||||||
| __________________________ |
1 “Active buyers of the LVB” refers to registered user accounts that placed one or more orders in one of the LVB channels on our platform, regardless of whether the products are sold, delivered or returned. If a buyer registered two or more user accounts on our platform and placed orders on our platform through those different registered user accounts, the number of active buyers would, under this methodology, be counted as the number of the registered user accounts that such buyer used to place the orders; 2 GMV refers to the total value of orders placed on the MOGU platform regardless of whether the products are sold, delivered or returned, calculated based on the listed prices of the ordered products without taking into consideration any discounts on the listed prices. Buyers on the MOGU platform are not charged for separate shipping fees over the listed price of a product. If merchants include certain shipping fees in the listed price of a product, such shipping fees will be included in GMV. As a prudent matter aiming at eliminating any influence on MOGU’s GMV of irregular transactions, the Company excludes from its calculation of GMV transactions over a certain amount (RMB100,000) and transactions by users over a certain amount (RMB1,000,000) per day.
3 The U.S. dollar (US$) amounts disclosed in this press release, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the readers. The conversion of Renminbi (RMB) into US$ in this press release is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of December 31, 2020, which was RMB6.5250 to US 4 Adjusted EBITDA represents net loss before (i) interest income, loss/(gain) from investments, net, income tax expenses, share of results of equity investee and goodwill impairment and (ii) certain non-cash expenses, consisting of share-based compensation expenses, amortization of intangible assets, and depreciation of property and equipment. See “Unaudited Reconciliations of GAAP and NonGAAP Results” at the end of this press release. 5 Adjusted net loss represents net loss excluding (i) loss/(gain) from investments, net, (ii) share-based compensation expenses, (iii) goodwill impairment, (iv) amortization of intangible assets, (v) adjustments for tax effects. See “Unaudited Reconciliations of GAAP and NonGAAP Results” at the end of this press release. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20210225005397/en/
FAQ
What were MOGU's total revenues for Q3 fiscal year 2021?
How did MOGU's net loss change in Q3 fiscal year 2021?
What is the growth percentage of MOGU's Live Video Broadcast business?
What was MOGU's adjusted EBITDA for Q3 fiscal year 2021?
When will MOGU hold its next earnings conference call?
