Vipshop Leads $100M Series C In Lamabang.Com

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Shenzhen-based maternal and infant social networking platform Lamabang.com has completed US$100 million series C financing led by online shopping site Vipshop, according to a company announcement.

The round values the company at US$1 billion.

Matrix Partners China, Greenwoods Asset Management Limited, and Morningside Ventures also participated in the financing.

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