Sources: Xiaohongshu, the Instagram-like app popular with younger Chinese users, told investors it will double profit to $1B+ in 2024, ahead of a potential IPO Bloomberg : Bloomberg 2024-12-12 Instagram, IPO, Bloomberg, Xiaohongshu, Chinese Related Coverage Xiaohongshu consolidates algorithm departments under new leadership TechNode Xiaohongshu expects over $1b profits in 2024 Tech in Asia