China’s 58 Daojia merges with VC-backed beauty app
58 Daojia, a PE-backed Chinese online-to-offline (O2O) local services platform, has merged with Dudumeijia.com, a manicure-booking app that counts Sequoia Capital and Source Code Capital among its investors.
The two companies will continue to operate under their own brands following the deal, according to a statement obtained by local media. "The merger is an indication that O2O beauty service industry is...
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