Well, I feel like there is not that much to say after previous posts, but I'll try.
Transnational feminism according to Mohanty and Alexander needs to 1)acknowledge women as being from different geographical locations although having similar contexts; 2)"understanding of a set of unequal relations among and between the peoples;" 3)"international" should be placed "in relation to an analysis of of economic, political, and ideological processes which foreground the operations of race and capitalism." (pp.xix)
Transnational feminism should be rooted in the project of decolonization (in various forms), engaging in praxis, and "building solidarity across otherwise debilitating social, economic, and psychic borders."
Another aspect, explicitly stated, is anti-capitalist politics, and socialist alternative (although vaguely (yet) defined, e.g. rethinking private property etc). Apparently, at least for me, explicit critique of state and capital (and proposal for "feminist democracy") distinguishes this writing (Mohanty and Alexander) from much of liberal feminism concerned with reform within available political/economic framework. (I got intrigued about Evelina Dagnino, Brazilian political scientist, and would like to read/hear more about her work).
Shohat's multicultural feminism seemed like a similar idea to transnational feminism, and I can't pinpoint the difference now.
One term in her readings that I'm not sure about was "counter-cultural capital".
Another thing which would be interesting to discuss is "paradoxical situation in which theory deconstructs totalizing myths while activism nourishes them" (e.g. affirmative action).