shares of mogu inc surged more than 35 on friday after the online fashion and lifestyle destination platform unveiled plans to buy back a significant portion of its stock the hangzhou china company said its board authorized the repurchase of up to 10 million worth of stock through the end of august 2023 mogu which currently sports a market capitalization of less than 20 million said it plans to fund the repurchases with cash on hand mogu shares were recently changing hands at 273 up 36