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