Babytree Raises $437M in Equity Financing

babytreeBabytree, a Beijing, China-based parenting website, raised 3 billion yuan ($437m) in equity financing.

The round, closed in July 2016, was led by Fosun Group with participation from Danfu Investment, Tomorrow Advancing Life, Matrix Partners China, Chenshan Capital, and Zhaojin Investment.

Founded in 2007 by Wang Huainan, founder and CEO, Babytree attracts over 200 million monthly unique active users (most of whom pregnant and young moms) at present.
With the deal, the Fusun Group and Babytree will develop services and products for the family-consumption business more accessible to Chinese families, from health, tourism to entertainment.



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