KM Financial Solutions | Weak markets force Alibaba-backed Babytree to cut size of HK IPO
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Weak markets force Alibaba-backed Babytree to cut size of HK IPO

Weak markets force Alibaba-backed Babytree to cut size of HK IPO

Alibaba-backed online
parenting firm Babytree Group launched a Hong Kong IPO of up to
$281 million on Wednesday, far below what the Chinese company
had hoped to raise, as weak markets force firms to scale back
their funding ambitions.

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