Xiaohongshu valued at $30 billion in secondary share deal
A major U.S. dollar fund has sold part of its stake in Xiaohongshu (also known as RedNote) at a $30 billion valuation, notably higher than its previous $21 billion market valuation. The deal highlights the platform’s strong recent performance and investor confidence. Xiaohongshu’s valuation has risen from $17 billion in mid-2024 to $26 billion by March 2025, and $31 billion by June of the same year. This increase is supported by significant user growth in early 2025, when it topped the U.S. App Store chart amid an influx of overseas users.
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