Ruhnn Holding Limited (NasdaqGS:RUHN) entered into agreements to acquire 8% interest in Hangzhou Duomai E-Commerce Ltd. from two of Ruhnn Holding Limited's individual shareholders for CNY 80 million on June 21, 2019. The consideration will be paid in cash. The transaction is expected to close by June 30, 2019. Ruhnn Holding Limited (NasdaqGS:RUHN) completed the acquisition of 8% interest in Hangzhou Duomai E-Commerce Ltd. from two of Ruhnn Holding Limited's individual shareholders on June 30, 2019.