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BabyTree Launches Childcare Platform

SinaTech, 11/28/07

Yesterday afternoon BabyTree parenting network chairman and CEO Wang Huainan announced that childcare platform "Baozhidao", which was jointly created with "Pregnancy and Parenting" magazine, has officially gone online. Wang added that the company is exploring more business models, including online advertising, offline activities, and e-commerce, but revealed that they do not have plans for online advertising in 2008.

The company has agreed with its sole venture capital investor, Matrix Partners, that it will not pursue revenues in 2008.

Keywords: BabyTree online childcare Internet VC Matrix Partners

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