Babytree has filed for an initial public offering in Hong Kong, three weeks after Alibaba acquired a reported 10% stake in the e-commerce platform.
Babytree, a China-based online parenting services and e-commerce platform backed by e-commerce group Alibaba, has filed for an initial public offering in Hong Kong.
Founded in 2007, Babytree runs a platform that enables parents to share experiences and advice with others, while also offering professionally written advice. It also operates an online store for baby and children’s products and has launched an app focused on child development.
Proceeds from the offering will be used to drive business expansion efforts,…
