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Deals Rumor Mill: Babytree, Amazon, Midstates

By Adam Rhodes (August 16, 2018, 6:38 PM EDT) -- Alibaba-backed online parenting firm Babytree Group is looking to raise as much as $1 billion in a public offering in Hong Kong, Reuters reported on Thursday. Citing anonymous sources, the outlet reported that the offering is planned for October, adding that the firm wants to be valued at between $3 billion and $5 billion. According to the report, Babytree, whose investors also include Fosun International, reaped a $214 million investment from Alibaba in May and posted roughly $106 million in revenue last year....

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