TAL Education invests $25m in VC-backed Babytree
TAL Education, a China-based after-school tutoring services provider, has acquired a minority stake in childcare website Babytree for RMB150 million ($25 million). The online baby nursing information provider secured previous investments from Matrix Partners, Susquehanna Growth Equity and China Broadband Capital Partners.
The transaction will help TAL expand its online user base. Founded in 2007, Babytree also operates parental subscription services under the Mika brand, whereby parents receive books, multimedia games...
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