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%.

An undisclosed buyer completed the acquisition of 4% stake in babytree.com from Jumei International Holding Limited (NYSE:JMEI) during the year ended December 31, 2018.