China’s largest retailer Alibaba Group Holding Ltd has made a strategic investment to acquire 10% stake in Chinese pregnancy and parenting online portal and e-commerce platform Babytree Inc., valuing the later at RMB14 billion (US$2.19 billion), according to Chinese media reports citing insiders. Alibaba hdid not immediately confirm the deal to China Money Network. One week ago, Chinese online retailer of beauty products Jumei (NYSE:JMEI) announced in a statement that it entered into a definitive agreement to sell 4% of …

Alibaba Invests In Parenting Portal And E-commerce Platform Babytree At Unicorn Value appeared first on China Money Network.


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