China's fashion e-commerce service Mogujie.com has announced a merger with Tencent-backed competitor Meilishuo.com.
中国时尚电子商务网站蘑菇街已宣布与腾讯支持的竞争对手美丽说合并。
The value of the combined company is estimated at 3 billion U.S. dollars. Mogujie founder Chen Qi will become the CEO of the merged company.
新合并的公司的整体业务估值近30亿美元。蘑菇街CEO陈琪将出任新公司CEO一职。

The tie-up of the fashion sites, both backed by Hillhouse Capital Management, follows the mergers of travel sites C-trip and Qunar as well as group-buying websites Meituan and Dianping.
高瓴资本在这两家时尚网站的合并中起到了重要的推动作用。就像旅游网站携程和去哪儿网的合并，以及团购网站美团和大众点评网的合并案例一样。
Mogujie has 130 million registered users. It raised more than 200 million U.S. dollars in November.
蘑菇街拥有1亿3000万注册用户。它于十一月募集了超过2亿美元的资金。
Meilishuo has about 15-thousand merchants on its website and runs a mobile application.
美丽说大约有15000家的商家在其网站和移动应用程序入驻。