<article>Sequoia Capital China has led a Series A round in lifestyle brand NOME, while restaurant booking app Mwee has secured $63 million from Alibaba and Ctrip.</article>

Sequoia Capital China has led a Series A round in lifestyle brand NOME, while restaurant booking app Mwee has secured $63 million from Alibaba and Ctrip.
Sequoia China leads Series A in lifestyle brand NOME
Venture Capital firm <a href="https://www.dealstreetasia.com/?s=Sequoia+Capital+China" target="_blank" rel="noopener">Sequoia Capital China</a> has made an undisclosed Series A investment in <a href="https://www.dealstreetasia.com/?s=NOME" target="_blank" rel="noopener">NOME</a>, a Guangzhou-based consumer lifestyle brand, the China Money Network <a href="https://www.chinamoneynetwork.com/2018/05/14/dealshot-sequoia-capital-leads-28m-series-a-round-in-chinese-lifestyle-brand-nome">reported</a>.
The round was joined by China-focused private equity firm Capital Today, whose investments include JD.com.
Sequoia China, which has over 300 portfolio investments in China, is currently raising up to $15 billion yuan ($2.37 billion) for its fifth yuan-denominated fund. Its portfolio includes Alibaba, Didi Chuxing and Meituan-Dianping.
Capital Today has about $2 billion of capital under management.
Alibaba and Ctrip invest $63m in restaurant booing app Mwee
<a href="https://www.dealstreetasia.com/?s=Alibaba+Group+Holdings" target="_blank" rel="noopener">Alibaba Group Holdings</a> and Ctrip.com have made a $63-million investment in <a href="https://www.dealstreetasia.com/?s=Mwee.Cn" target="_blank" rel="noopener">Mwee.Cn</a>, a restaurant booking platform which has over 10 million users, Yicai Global <a href="http://www.yicaiglobal.com/news/alibaba-ctrip-pump-usd63-million-restaurant-booking-startup-mwee">reported</a>.
Post investment, Mwee will have a total valuation of CNY 4 billion ($526 million), the report added.
Previous investors of Mwee include Baidu and Meituan-Dianping, China’s leading on-demand services provider.
The startup offers users the convenience of reserving a table in advance through its app at over 60,000 restaurants.
Mwee is operated by Meiweibuyaodeng Information Technology Holding, which previously received an investment from Koubei, a platform backed by Alibaba and Chinese investment firm Zhongshi Capital.
The latest investment will be used for product development, marketing and industry integration.
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/alibaba-backed-koubei-makes-investment-in-restaurant-booking-app-meiweibuyongdeng-62272/">Alibaba-backed Koubei invests in Shanghai restaurant booking app</a>

NOME's Series A round was joined by China-focused private equity firm Capital Today.

China Digest: Sequoia backs NOME; Alibaba, Ctrip invest $63m in Mwee

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China Digest: Sequoia backs NOME; Alibaba, Ctrip invest $63m in Mwee

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