China-focused venture capital firm Northern Light Venture Capital and private equity firm New Horizon Capital have led a US$100 million financing round for China-based maternal and infant products e-commerce platform Beibei. Venture capital firm Banyan Capital and private equity firm Capital Today also participated in the round. Beibei will use the new financing to develop its own supply chains, improve user experience and diversify into other e-commerce verticals, such as apparel and home accessories.