Last July, Babytree secured US$300 million led by the US-listed Chinese online cosmetic retailer Jumei Leading parenting portal Babytree landed RMB3 billion (US$448 million) this June. The COO of Babytree, Wei Xiaowei, made the announcement this Tuesday. This latest round of financing is in RMB and not USD, indicating Babytree’s readiness to return to China’s...
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The post Parenting portal Babytree just secured US$448M funding. Ready for a China IPO? appeared first on e27.
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