Echo Wong / Bloomberg:

GSR fund documents: TikTok rival Xiaohongshu, known as RedNote in the US, saw its valuation rise 19% from $26B in March to $31B during recent GSR transactions  —  Xiaohongshu's valuation surged 19% to $31 billion in just three months during recent transactions via a major fund …

Echo Wong / Bloomberg:

GSR fund documents: TikTok rival Xiaohongshu, known as RedNote in the US, saw its valuation rise 19% from $26B in March to $31B during recent GSR transactions  —  Xiaohongshu's valuation surged 19% to $31 billion in just three months during recent transactions via a major fund …

Source: TechMeme
Source Link: http://www.techmeme.com/250904/p18#a250904p18