JD.com took part in the Fosun-led round, which will enable the parent-focused content platform to expand its e-commerce business.
Singapore-based parenting app provider TheAsianParent has raised between $10m and $30m in a series C round led by conglomerate Fosun, TechCrunch reported yesterday.
E-commerce platform JD.com also took part in the round, which was filled out by commitments from ATM Capital, Redbadge Pacific, Global Grand Leisure and WHG Holdings. A precise figure for the round could not be ascertained.
TheAsianParent’s mobile app provides parent-focused articles and digital content, as well as an online community for parents in Southeast Asia.
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