Sequoia Capital China has picked up a majority stake in global fashion and lifestyle brand WE11DONE. Separately, Waytous, a startup that develops autonomous solutions for the mining industry, has raised nearly 300 million yuan ($47.2 million) in a Series C round.
Sequoia China buys majority stake in WE11DONE
Sequoia Capital China announced on Thursday that it has reached an agreement to acquire a majority stake in WE11DONE, a global fashion and lifestyle brand that originated in Seoul, to fuel the label’s expansion in China and elsewhere.
