New strategic partner Fosun led the round, announced this by baby and child social e-commerce platform Babytree but closed in July.
Conglomerate Fosun Group led a RMB3bn ($450m) funding round for China-based baby and parenting information and e-commerce platform Babytree in July this year, China Money Network reported today.
Education services provider Tal Education Group also participated in the round, which was confirmed by Babytree yesterday but closed in July this year, as did venture capital firm Matrix Partners, Chenshan Capital, China Merchants Wealth and undisclosed additional investors.
Founded in 2007, Babytree began life as a social web portal for new…
