贝贝网 / Beibei

Beibei is a mother-and-baby ecommerce platform in No.200 电商三国之群雄逐鹿：腰挂公章、持剑拒签，以及 108 种死法. The episode links its later Beidian/member-distribution turn to questions around distribution structure, funding strain, and supplier payment risk.

Connections

• 蜜芽 / Mia and 宝宝树 / BabyTree — mobile-era mother-and-baby peers.
• Ecommerce Platform Failure Modes — funding and supplier-payment failure branch.
• Profit And Cash Flow Quality — cash conversion risk behind reported transaction activity.