Eleanor Olcott / Financial Times:

Sources: China's Instagram-like Xiaohongshu had $200M in net profit on $1B+ revenue in Q1 2024, up from $40M in net profit on ~$600M revenue in Q1 2023  —  Shanghai-based start-up has been a rare success story in a sector hit by bankruptcies and falling valuations

Eleanor Olcott / Financial Times:

Sources: China's Instagram-like Xiaohongshu had $200M in net profit on $1B+ revenue in Q1 2024, up from $40M in net profit on ~$600M revenue in Q1 2023  —  Shanghai-based start-up has been a rare success story in a sector hit by bankruptcies and falling valuations

Source: TechMeme
Source Link: http://www.techmeme.com/241012/p12#a241012p12