Xiaohongshu’s market value shrinks as tightening regulation continues in China

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Chinese social e-commerce platform Xiaohongshu’s valuation in the private equity market has declined by as much as 50% in a year, Financial Times reported on Nov. 20. Backed by Alibaba and Tencent, the company was valued at $20 billion in the latest financing round last November…
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作者 gocpmall