Babytree.com receives 3-billion-yuan investment

By Zhu Shenshen | November 21, 2016, Monday |

Online Edition

INVESTORS led by Fosun Group invested 3 billion yuan (US$441.2 million) into a maternal and infant industry website Babytree.com, in a bid to seek opportunities in kid health and education sectors.

Babytree also established an industry alliance with partners including Fosun, to offer services to Chinese families covering health, education and finance. Other investors included Nasdaq-listed Tal Education Group and venture capital firm Matrix Partners China.

Consumer

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Babytree.com receives 3-billion-yuan investment

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