Sequoia Leads $20M Series B In Miyabaobei.Com

Beijing-based diaper and baby formula e-commerce platform has received US$20 million series B financing led by Sequoia Capital, according to Chinese media reports.

Existing investors Zhen Fund and China Renaissance K2 Ventures also participated in the round.

Sequoia Capital partner Zhou Kui will join Miyabaobei’s board of directions post investment.

Previously, received several million U.S. dollar series A financing from Zhen Fund and China Renaissance K2 Ventures in January.

Founded in 2011, sells discounted imported diapers and baby formula to Chinese consumers.

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