Lmbang (spice moms in Chinese), a Shenzhen-based mommy communication website, announced US$20 million of Series B financing led by Greenwoods Asset Management with participation of Morningside Ventures, VIP.com, Matrix Partners and K2 Ventures. The company has received millions of dollars in Series A financing last year. Double-sigma Investment Management worked as financing consultant for this round.

Launched in May 2012, Lmbang is a mobile social platform for women where mothers can share and exchange tips on various topics of child rearing, slimming, beauty makeup, emotion, delicacy, sexual health, etc.

The platform has more than 20 million registered users with around 2.6 million daily active users and a monthly retention rate of 60%, according to Jin Zan, CEO of the company. He added that most of their users are moms who are born in 1980s and 1990s, and over 90% of the users aged between 25 to 30.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.