|Bid||3.750 x 0|
|Ask||3.800 x 0|
|Day's Range||3.750 - 3.890|
|52 Week Range||3.750 - 8.000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
LONDON/BEIJING, May 7 (Reuters) - Nestle plans to launch a new line of baby formula in China this year under an existing brand, targeted at smaller cities, as the world's largest packaged food company tries to lengthen its lead in the world's biggest baby milk market. The new line, discussed exclusively with Reuters, will focus on smaller provincial cities, often in China's western provinces, where greater shipping distances and lower incomes can make some imported brand goods unaffordable, though wealth there is growing. Producers of many consumer staples such as soft drinks and soap had to seek growth in the less-profitable provincial cities years ago, as China's richer eastern markets matured.
HONG KONG, March 27, 2019 /PRNewswire/ -- BabyTree Group ("BabyTree" or the "Company", stock code: 1761.HK), the largest and most active maternity and child-focused (M&C) community platform in China, today announced its audited financial results for the full year ended December 31, 2018. Total revenue increased to RMB 760.1 million for the year ended December 31, 2018 from RMB 729.6 million for the year ended December 31, 2017. Notably, revenue from the advertising business increased to RMB 596.2 million for the year ended December 31, 2018 from RMB 372.4 million for the year ended December 31, 2017, representing growth of 60.1% year-over-year.
BEIJING, March 27, 2019 /PRNewswire/ -- BabyTree Group ("BabyTree" or the "Company") (stock code: 1761.HK), the largest and most active maternity and child-focused (M&C) community platform in China, today announced that it recently led a US $8 million Series A funding round in Healofy, a leading women-centric content social network in India. BAce Capital, a fund led by Ant Financial Services Group, and Omidyar Network, established by the co-founder of eBay, also participated in the funding round, respectively. Healofy was established in September 2016 to address the growing demand among mothers and women in India as a whole for relatable and credible content on topics ranging from pregnancy to parenting.
Maoyan Entertainment , China's top movie-ticketing platform by sales that is backed by Tencent, priced its Hong Kong IPO at the bottom of an indicative range to raise $250 million, according to a term sheet seen by Reuters. A pricing at the lower end would value Maoyan at $2.2 billion, indicating a "down round" for Tencent, as it is less than a valuation in 2017 when the tech giant invested 1 billion yuan ($148.45 million), a term sheet showed last week. Maoyan was valued at about $3 billion at the time of Tencent's investment, two sources have previously said.
Shanghai-listed Chinese medical tech platform WuXi AppTec has launched a Hong Kong listing of up to $1.06 billion, braving weak markets and testing investor sentiment after a string of badly performing IPOs. WuXi's listing comes after other companies have had to drastically scale back their funding ambitions because of jittery markets, such as online parenting firm Babytree Group and online travel agent Tongcheng-Elong. Others still have put off their IPO plans as they wait out the market uncertainty.