Wall Street Journal:

Sources: Chinese social media app Xiaohongshu targets a Hong Kong IPO as early as year-end at a $70B+ valuation, up from $50B in recent private secondary trades  —  Known as Rednote, the company's net profit could surpass $3 billion this year  —  Chinese lifestyle and video-sharing platform Xiaohongshu …

Wall Street Journal:

Sources: Chinese social media app Xiaohongshu targets a Hong Kong IPO as early as year-end at a $70B+ valuation, up from $50B in recent private secondary trades  —  Known as Rednote, the company's net profit could surpass $3 billion this year  —  Chinese lifestyle and video-sharing platform Xiaohongshu …

Source: TechMeme
Source Link: https://www.techmeme.com/260617/p6#a260617p6