Xiaohongshu, China’s fastest-growing social media platform, ... It made $500mn in net profit last year on revenues of $3.7bn, the Financial Times reported previously.

Revenues at Xiaohongshu, the start-up known as China’s answer to Instagram, surged to $1bn in the first quarter of 2024 as it ramped up advertising from retailers targeting Gen Z women.

Xiaohongshu was valued at $17 billion in a new funding round, with DST Global, Hillhouse, Boyu Capital, and Citic Capital joining as new investors The social e-commerce company’s 2023 revenue ...

Xiaohongshu, a popular social media app in China, ... The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.

Launched in 2013, RedNote has become one of China’s fastest-growing social platforms, with a value of over $17 billion, according to the Financial Times. Known as Xiaohongshu, which translates ...

The Financial Times first reported the news on Thursday, saying the deal valued Xiaohongshu at $17 billion. Investors that already held stakes in the company, including Hongshan (previously Sequoia ...

Xiaohongshu earned $500 million in profit in 2023, up from a $200 million loss the year before, as brands turned to the now more upmarket platform, the Financial Times reported.

According to Xiaohongshu, the number of users making purchases via live streams grew 6.3 times over the past year, with the average transaction value staying above 500 yuan (US$69).

RedNote, or Xiaohongshu, is valued at over $17 billion, according to the Financial Times. As the clock ticks on the potential TikTok ban right ahead of Donald Trump’s inauguration, existing ...

Hermès officially joined Xiaohongshu in October 2023, while brands including Dior, Prada, Gucci, Valentino, Balenciaga, Fendi, Cartier, Tiffany, Burberry, and even Bottega Veneta have all been ...