In brief: Startup behind theAsianparent said to be in funding talks with Ant Financial

Singapore-based online parenting community theAsianparent is in talks with investors, including Alibaba’s Ant Financial and Chinese conglomerate Fosun, for a new funding round at a US$60 million pre-money valuation. People familiar with the matter said the portal will use the fresh funds for branding and expansion.

This latest round comes less than a year after Tickled Media – the company behind theAsianparent – raised close to US$5 million in a series B round led by Global Grand Leisure, with participation from Mountain Pine Capital and Vertex Ventures.

Source: KrAsia