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Childcare Portal Babytree Completes RMB 3 Bln Funding, Plans IPO

iHeima, 7/19/16

Beijing-based Zhongming Shiji Technology, operator of online childcare-focused vertical portal, e-commerce, and community platform Babytree, completed RMB 3 bln in new funding last month and has subsequently dismantled its variable interest entity (VIE) structure in order to list on China's A-shares or the Hong Kong Growth Enterprise Market, revealed Babytree chief operating officer Wei Xiaowei. Read More