GSR fund documents: TikTok rival Xiaohongshu, known as RedNote in the US, saw its valuation rise 19% from $26B in March to $31B during recent GSR transactions
Xiaohongshu's valuation surged 19% to $31 billion in just three months during recent transactions via a major fund …
Document: Xiaohongshu, a TikTok alternative known in the US as Rednote, has surged to a $26B valuation based on recent market transactions via a GSR fund
Echo Wong / Bloomberg :
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/...
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
Eleanor Olcott / Financial Times :
How social e-commerce app Xiaohongshu has defied China's tech sector crackdown and boomed through a combination of influencers, AI, and soft marketing tactics
Bloomberg : X: @venus_feng X: @venus_feng : All Chinese e-commerce sites are preparing the mid-year shopping festival next month, and this time, Xiaohongshu has increasingly catching traction at live...
Chinese social e-commerce app Xiaohongshu lays off 9% of its staff amid China's regulatory crackdown; Xiaohongshu raised $500M in November at a $20B valuation
Josh Ye / Reuters :
Source: Chinese social e-commerce app Xiaohongshu has raised a new funding round of $500M, led by Temasek and Tencent at a $20B valuation
Tracy Qu / South China Morning Post :
Xiaohongshu, a social recommendation app for cross-border shopping, raises $300M Series D at a $3B valuation led by Alibaba, with Tencent Holdings participating
Yimian Wu / China Money Network :
Xiaohongshu, a social recommendation app for cross-border shopping, raises $300M Series D at a $3B valuation led by Alibaba, with Tencent Holdings participating
Yimian Wu / China Money Network :