China Digest: 24Tidy to acquire Bonnych; Hillhouse backs Kaishan

China Digest: 24Tidy to acquire Bonnych; Hillhouse backs Kaishan

Kaishan, Chinese Baijiu

Sequoia-backed online life service platform 24Tidy is acquiring laundry brand Bonnych while Chinese liquor brand Kaishan has secured 100 million yuan ($14 million) from Genesis Capital, Hillhouse Capital, among others.

Sequoia-backed online life service platform 24Tidy to acquire Bonnych

Sequoia Capital China-backed online life service platform 24Tidy (Shanghai) Network Technology Inc announced that it has entered an agreement to acquire laundry brand Bonnych.

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