Xiaohongshu's New Funding: Return To Old Times Or End Of A Chapter?
Key Takeaways:
Xiaohongshu was valued at $17 billion in a new funding round, with DST Global, Hillhouse, Boyu Capital, and Citic Capital joining as new investors
The social e-commerce company’s 2023 revenue surged 85% to $3.7 billion, as it tries to expand beyond advertising as its main income source
By Hugh Chen