Chinese Social Media Startup Seeks Funds At $6B Valuation
PYMNTS
JANUARY 10, 2020
Chinese eCommerce and social media startup Xiaohongshu , also known as “Little Red Book,” wants to raise funds at a $6 billion valuation, according to Bloomberg. The company calls itself RED and makes a point to mention that it’s not affiliated with the popular book by Mao Zedong of the same name.
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