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Alibaba-Backed Chinese Social Media Startup Seeks $6B Valuation

January 10, 2020
Chinese Social Media Startup, Backed By Tencent, Seeks Funds At $6B Valuation
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Alibaba-Backed Chinese Social Media Startup Seeks $6B Valuation

January 10, 2020
Chinese eCommerce and social media startup Xiaohongshu, also known as “Little Red Book,” wants to raise funds at a $6 billion valuation, according to Bloomberg. The company is backed by Tencent and Alibaba, and it wants to raise somewhere between $400 million and $500 million. It’s teamed up with a financial plan adviser to identify […]