Chinese website BabyTree.com has raised $10 million in venture funding from Matrix Partners China Fund. BabyTree provides an online platform for mothers to blog and exchange ideas about raising their children. In addition, the site helps mothers and children to organize meetings and parties. The site was founded by former Google (NSDQ: GOOG) Asia executive Huainan Wang and Eachnet's founder Yibo Shao in 2007. Currently Yibo Shao also serves as a partner of Matrix Partners' China Fund.
This story has been provided by our new research partner Pearl Research.
By Pearl Research