Suning Injects Strategic Capital In Cash-Strapped Maternity Platform Lamabang

China's highly valued mobile app and O2O (online-to-offline) start-ups are realizing that they must sell or accept strategic investment in order to survive in 2017.

After venture-backed fresh produce delivery mobile app Beequick was sold to Chinese neighborhood store Huimin yesterday, another mobile app start-up said it had received strategic investment from a retail group.

Chinese consumer electronics and home appliance retailer Suning has led a series D round in Lamabang, a Shenzhen-based online and mobile maternity social networking and e-commerce platform.

No financial details were announced, but Suning is likely to merge Lamabang with its own maternity and baby e-commerce unit Red Baby, or Honghaizi, in order to create a maternity ...

This news article comes via , who is the copyright owner of this information and news. has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like