The e-commerce company provided the convertible loan to online parenting community BabyTree as part of a larger $250m debt package.
Online beauty product retailer Jumei agreed on Wednesday to provide up to $250m in debt financing to China-based online parenting community BabyTree, up to $120m of which will be convertible debt.
The convertible debt element of the financing will depend on BabyTree’s financial needs and its ability to meet undisclosed performance criteria, and can be converted to equity in future. The rest of the financing is being provided in the form of a revolving credit facility sized up to $130m.
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