An undisclosed buyer entered into a definitive agreement to acquire 4% stake in babytree.com from Jumei International Holding Limited (NYSE:JMEI) for $86.5 million on May 28, 2018. Post-completion, the stake owned by Jumei International in babytree will decrease to 3.33% from 7.33%.
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- An undisclosed buyer entered into a definitive agreement to acquire 4% stake in babytree.com from Jumei International Holding Limited for $86.5 million.