Crescent leads $50m round for China parenting site

Vipshop, a local online discount retailer, also participated in the round, Crescent's venture partner Lin Lin confirmed to local media outlet Leiyunwang.

Launched in 2006, Guo.com sells imported products for babies and mothers in China at discounted prices, such as baby formula and diapers. Currently it has about one million users and an average spending level of more than RMB1,000 ($161) per purchase.

Two months ago, Vipshop led a $100 million Series C round of funding for Lamabang, an online social networking platform that focuses on mothers.

In January, Capital Today and New Horizon Capital led a $100 million Series C round for Beibei.com, an online parenting discount retail platform. In December, H Capital led a Series C round for Beijing Huawang Online Commerce, operator of childcare-focused e-commerce platform Miyabaobei.com.

Founded in 2002, Crescent Group focuses on sectors such as consumer, natural resources, healthcare, education, financial services, agriculture and technology. It operates as Crescent HydePark in China and Crescent Point in the rest of the world.

Previous investments include Tudou, a China-based online video website that merged with Youku in 2012, and e-commerce platform solutions provider Baozun, which is seeking to go public in the US.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Greater China
• Consumer
• Technology
• Venture
• China
• TMT
• Technology
• Consumer
• Venture
• Crescent Point