Sources: Chinese social e-commerce app Xiaohongshu had $200M in net profit on $1B+ revenue in Q1 2024, up from $40M in net profit on ~$600M revenue in Q1 2023 https://www.ft.com/... Financial Times 2024-10-14 Eleanor Olcott ~$600M, Xiaohongshu, Chinese, Q1 2023 Discussion @ianbrown.tech Ian Brown on bluesky it the fastest-growing large social media platform in China last year.' — https://www.ft.com/...