Xiaohongshu Targets $20 Billion Valuation through Stake Sale Negotiations
3 months ago
In a significant move that could reshape its financial landscape, Xiaohongshu, a burgeoning social commerce platform known as "Little Red Book," is in advanced discussions to sell a stake in the company. This anticipated sale is expected to elevate Xiaohongshu's valuation to an impressive $20 billion. This development comes amid mounting competition in the digital commerce sector, particularly from ByteDance's TikTok and other market players.
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