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Chinese social media app Xiaohongshu targets a Hong Kong IPO

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: Wall Street Journal · Opens in new tab