Alibaba picks stake in Chinese online parenting platform Babytree Babytree founder and CEO Allen Wang Mars Woo June 4, 2018 PremiumChina’s online parenting services platform Babytree has announced a strategic investment from Alibaba that values the former at RMB 14 billion ($2.19 billion). Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at firstname.lastname@example.org.