Xiaohongshu - Asia Tech Wire

Xiaohongshu

2024.12.19

11:29

Fay Lidan Dai, a former partner at Hong Kong-based private equity firm Today Capital, has recently joined social media company Xiaohongshu to head up the strategy business, assuming the role of CSO (chief strategy officer), according to Chinese media outlet LatePost.

2024.10.14

09:58

Instagram-like Xiaohongshu's revenue rises to $1 billion in Q1, report says

Asia Tech Wire (Oct 14) -- Xiaohongshu, China's Instagram-like social media platform, has reported a rise in revenue to $1 billion and a net profit of $200 million in the first quarter of this year, according to the Financial Times.

2024.08.08

09:20

Source denies Instagram-like Xiaohongshu's upcoming IPO

Asia Tech Wire (Aug 8) -- In response to the recently renewed rumors of an upcoming IPO for China's Instagram-like social media platform Xiaohongshu, a source close to Xiaohongshu with knowledge of the matter said on Thursday that the news is untrue.

2024.07.11

06:19

Instagram-like Xiaohongshu gets investment from DST Global, report says

Asia Tech Wire (July 11) -- China's Instagram-like social media platform Xiaohongshu has received an investment from venture capital firm DST Global, according to the Financial Times.

2024.04.29

07:20

Instagram-like Xiaohongshu denies pre-IPO financing round at $20 billion valuation

Asia Tech Wire (Apr 29) -- China's Instagram-like social media platform Xiaohongshu has denied that it is working on a pre-IPO financing round at a valuation of $20 billion.

2023.12.25

08:15

Xiaohongshu denies current plans for US IPO

National Business Wire (Dec 25) -- China's Instagram-like social platform Xiaohongshu has denied any current plans for a U.S. listing.

2022.04.21

09:14

China's Instagram starts new round of 20% layoffs

Asian Tech Press (Apr. 21) -- Social e-commerce platform Xiaohongshu, China's answer to Instagram, has started a new round of 20% layoffs.

2021.10.11

09:13

Chinese lifestyle platform RED responds to HK IPO rumors: no definite IPO plan yet

Asian Tech Press (OCT 11) -- Earlier, it was reported that Xiaohongshu, also named RED, will conduct an IPO in Hong Kong with a size of at least $500 million and consider applying as soon as this year.

2021.04.28

13:50

Alibaba-Backed Xiaohongshu Considers $1 Billion U.S. IPO

According to IFR, Xiaohongshu(RED) plans to raise $500 million to $1 billion in a U.S. IPO around midyear.

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