Chinese Social Media Startup Seeks Funds At $6B Valuation
PYMNTS
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. It’s teamed up with a financial plan adviser to identify possible investors. RED closed a $300 million series D round in 2018 and had a valuation of $3 billion.
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