Alibaba suffers rare 'down round' investment as Babytree's HK IPO prices low: sources

China's Babytree Group, a parenting website operator, has priced its Hong Kong IPO at the bottom of a marketing range, people close to the deal said, reducing its valuation and implying a 'down round' for investor Alibaba Group Holding Ltd .

from Reuters: Technology News https://reut.rs/2zl7giu