[Manthink]

 

In 2021...

SHANGHAI (Reuters) - Chinese social e-commerce app Xiaohongshu said it has raised a new round of financing from existing shareholders who increased their stakes in the firm, which a source familiar with the matter said valued the company as much as $20 billion. The source said Xiaohongshu, whose name translates to "little red book" in Chinese, raised $500 million in the round from investors including Singapore state investor Temasek Holdings, Tencent Holdings, Alibaba Group, Genesis Capital and Tiantu Capital.


https://finance.yahoo.com/news/chinas-xi...57798.html