VC-backed China parenting site Babytree raises $300m
Chinese online beauty products retailer Jumei International has led a $300 million round of funding for Babytree, a Chinese parent-focused social platform backed by several VC investors.
Jumei invested $250 million in the round, comprising a $120 million convertible loan and $130 million in revolving credit. The rest was contributed by undisclosed domestic investors. Founded in 2007,...
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