SINGAPORE -- Chinese conglomerate Fosun International, owner of global resort chain Club Med, has invested in a Singaporean media startup targeting young parents in Southeast Asia, in a move to tap the region's growing affluent middle class.
Fosun has invested in Tickled Media, which operates an online parenting community platform called theAsianparent. Chinese e-commerce giant JD.com has also joined the deal. The investment amount is between $10 million and $30 million, according to Tickled Media.
_2048x1300.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)