The IDG Capital-backed baby and infant product marketplace has closed its second $100m round in under 18 months, again at a $1bn valuation.

Beibei, a China-based babycare e-commerce platform backed by corporate venturing fund IDG Capital Partners, has secured $100m in series D funding, China Money Network reported today.

Venture capital firm Northern Light Venture Capital and private equity fund New Horizon Capital co-led the round, which included Banyan Capital and Capital Today. It valued Beibei at roughly $1bn, the same valuation at which it closed a $100m series C round in January 2015.

Founded in 2014 by e-commerce company Mizhe, Beibei…