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Target $ 6 billion valuation! Chuan Xiaohong seeks a new round of $ 400-500 million financing

Yellow 2020-01-10 17:08:12 0 1466

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One year after the explosion of social e-commerce, according to informed sources, Xiaohongshu, a leader in domestic social e-commerce, is seeking a new round of financing with a target valuation of $ 6 billion.

Little Red Book

Bloomberg cited an anonymous source that Xiaohongshu hopes to raise $ 400-500 million in this round and raise its valuation to $ 6 billion. Prior to that, after receiving the investment from Tencent and Ali, Xiaohongshu's valuation was about $ 5 billion.

According to Qichao Cat Industrial and Commercial Information, Xiaohongshu Technology Co., Ltd. was established on October 10, 2018. Its legal representative, Zeng Xiulian, has a registered capital of US $ 50 million. Technology development and technology transfer in the field.

Little Red Book

According to data released by QuestMobile, Xiaohongshu had a DAU of 25 million during the 11.11 last year and currently has more than 100 million monthly active users.

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